Holocene Advisors LP Buys Shares of 1,728,028 Roku, Inc. (NASDAQ:ROKU)

Holocene Advisors LP acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,728,028 shares of the company’s stock, valued at approximately $129,015,000. Holocene Advisors LP owned approximately 1.19% of Roku at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ROKU. EverSource Wealth Advisors LLC increased its holdings in shares of Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares during the period. Future Financial Wealth Managment LLC bought a new position in Roku during the third quarter valued at about $43,000. GS Investments Inc. lifted its position in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares during the period. Cedar Wealth Management LLC acquired a new stake in shares of Roku during the 2nd quarter worth approximately $48,000. Finally, Versant Capital Management Inc raised its stake in shares of Roku by 706.2% in the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock valued at $55,000 after purchasing an additional 798 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Up 1.9 %

NASDAQ:ROKU opened at $69.03 on Monday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $108.84. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of -57.52 and a beta of 2.07. The stock’s 50 day moving average price is $73.63 and its two-hundred day moving average price is $65.38.

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

Insider Transactions at Roku

In related news, insider Charles Collier sold 15,454 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,159,050.00. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $15,000. This represents a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the transaction, the insider now owns 38,602 shares in the company, valued at approximately $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 three months, insiders sold 90,240 shares of company stock worth $6,729,582. 13.98% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on ROKU. JPMorgan Chase & Co. upped their price objective on shares of Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, August 23rd. Wedbush upped their price objective on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Macquarie reissued an “outperform” rating and issued a $90.00 price target on shares of Roku in a research note on Thursday, October 31st. Finally, Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.62.

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.