GWM Advisors LLC Has $544,000 Holdings in Roku Inc (NASDAQ:ROKU)

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GWM Advisors LLC decreased its holdings in Roku Inc (NASDAQ:ROKU) by 43.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,010 shares of the company’s stock after selling 4,700 shares during the period. GWM Advisors LLC’s holdings in Roku were worth $544,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC increased its holdings in shares of Roku by 64.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 477 shares of the company’s stock valued at $43,000 after purchasing an additional 187 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Roku by 100.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares during the period. James Investment Research Inc. increased its holdings in shares of Roku by 68.4% in the 2nd quarter. James Investment Research Inc. now owns 825 shares of the company’s stock valued at $75,000 after purchasing an additional 335 shares during the period. Rhumbline Advisers increased its holdings in shares of Roku by 0.6% in the 1st quarter. Rhumbline Advisers now owns 55,926 shares of the company’s stock valued at $3,608,000 after purchasing an additional 340 shares during the period. Finally, CWM LLC increased its holdings in shares of Roku by 76.0% in the 2nd quarter. CWM LLC now owns 880 shares of the company’s stock valued at $80,000 after purchasing an additional 380 shares during the period. Institutional investors own 51.11% of the company’s stock.

Shares of ROKU stock opened at $139.62 on Friday. The stock has a 50 day moving average of $112.10 and a 200-day moving average of $83.02. The firm has a market cap of $15.61 billion, a PE ratio of -1,745.30 and a beta of 2.04. Roku Inc has a 12 month low of $26.30 and a 12 month high of $142.10.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.14. The business had revenue of $250.10 million during the quarter, compared to analyst estimates of $223.36 million. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The firm’s revenue was up 59.5% compared to the same quarter last year. On average, equities analysts expect that Roku Inc will post -0.57 EPS for the current fiscal year.

Several equities research analysts recently commented on ROKU shares. Rosenblatt Securities raised Roku from a “neutral” rating to a “buy” rating and boosted their price target for the company from $77.00 to $134.00 in a research note on Thursday, August 8th. KeyCorp boosted their price target on Roku from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Stephens raised Roku from an “equal” rating to an “overweight” rating and boosted their price target for the company from $84.00 to $120.00 in a research note on Thursday, August 8th. CIBC boosted their price target on Roku from $79.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, DA Davidson upped their target price on Roku from $110.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $102.98.

In related news, VP Scott A. Rosenberg sold 13,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $88.94, for a total value of $1,156,220.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stephen H. Kay sold 12,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $137.75, for a total value of $1,653,000.00. The disclosure for this sale can be found here. Insiders sold 620,733 shares of company stock valued at $63,611,652 over the last 90 days. 22.70% of the stock is currently owned by corporate insiders.

Roku Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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