Beacon Capital Management LLC Has $121,000 Holdings in Roku, Inc. (NASDAQ:ROKU)

Beacon Capital Management LLC decreased its holdings in Roku, Inc. (NASDAQ:ROKU) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,631 shares of the company’s stock after selling 409 shares during the period. Beacon Capital Management LLC’s holdings in Roku were worth $121,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Rhumbline Advisers increased its stake in Roku by 2.8% in the 4th quarter. Rhumbline Advisers now owns 141,348 shares of the company’s stock valued at $10,508,000 after buying an additional 3,795 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Roku during the 4th quarter valued at $233,000. Van ECK Associates Corp acquired a new position in shares of Roku in the fourth quarter worth $675,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Roku by 53.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,393 shares of the company’s stock worth $253,000 after acquiring an additional 1,186 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in Roku by 57.7% during the fourth quarter. Summit Trail Advisors LLC now owns 7,509 shares of the company’s stock valued at $558,000 after purchasing an additional 2,748 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Performance

NASDAQ ROKU opened at $99.07 on Friday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The stock has a market cap of $14.38 billion, a PE ratio of -82.56 and a beta of 2.05. The firm has a 50-day simple moving average of $80.56 and a 200 day simple moving average of $73.76.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Research analysts forecast that Roku, Inc. will post -1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ROKU has been the topic of several research reports. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $125.00 in a research report on Friday. JMP Securities increased their price objective on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a report on Friday. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Bank of America raised their price target on shares of Roku from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday. Three analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roku has a consensus rating of “Moderate Buy” and an average target price of $93.18.

Insider Buying and Selling at Roku

In other Roku news, insider Charles Collier sold 10,771 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the transaction, the insider now owns 3,790 shares in the company, valued at $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,885 shares of company stock valued at $7,911,162 in the last 90 days. 13.98% of the stock is currently owned by company insiders.

Roku Company Profile

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.