Landscape Capital Management L.L.C. Acquires Shares of 26,376 Roku, Inc. (NASDAQ:ROKU)

Landscape Capital Management L.L.C. purchased a new position in Roku, Inc. (NASDAQ:ROKU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,376 shares of the company’s stock, valued at approximately $1,969,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB bought a new position in shares of Roku in the first quarter worth about $1,180,000. SG Americas Securities LLC lifted its stake in shares of Roku by 238.6% in the 2nd quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock valued at $4,407,000 after acquiring an additional 51,815 shares during the last quarter. Kessler Investment Group LLC grew its position in Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after acquiring an additional 13,590 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Roku by 0.8% during the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock valued at $778,560,000 after purchasing an additional 92,658 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Roku by 127.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 49,912 shares of the company’s stock worth $3,255,000 after purchasing an additional 27,940 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. Macquarie reiterated an “outperform” rating and set a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Jefferies Financial Group reduced their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Friday, November 1st. Morgan Stanley raised their target price on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. upped their price target on Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.67.

Roku Stock Performance

ROKU stock opened at $68.93 on Friday. The business has a 50-day simple moving average of $74.66 and a two-hundred day simple moving average of $64.97. The company has a market capitalization of $10.01 billion, a P/E ratio of -57.45 and a beta of 2.07. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted ($2.33) earnings per share. Roku’s revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $376,500. This trade represents a 83.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the sale, the insider now owns 38,602 shares of the company’s stock, valued at $2,485,582.78. This trade represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,240 shares of company stock worth $6,729,582. Insiders own 13.98% of the company’s stock.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.