Swiss National Bank purchased a new position in shares of Roku Inc (NASDAQ:ROKU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 152,000 shares of the company’s stock, valued at approximately $13,768,000. Swiss National Bank owned 0.13% of Roku at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in ROKU. PNC Financial Services Group Inc. boosted its stake in shares of Roku by 100.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. CWM LLC purchased a new stake in Roku in the 1st quarter valued at about $32,000. James Investment Research Inc. purchased a new stake in Roku in the 1st quarter valued at about $32,000. Wealthcare Advisory Partners LLC boosted its position in Roku by 1,000.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company’s stock valued at $35,000 after buying an additional 500 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its position in 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 buying an additional 187 shares during the period. 51.11% of the stock is owned by hedge funds and other institutional investors.
Shares of ROKU opened at $137.74 on Friday. The company has a 50 day moving average price of $113.00 and a 200-day moving average price of $83.49. Roku Inc has a fifty-two week low of $26.30 and a fifty-two week high of $143.36. The stock has a market capitalization of $16.11 billion, a PE ratio of -1,721.75 and a beta of 2.04.
Several equities research analysts have issued reports on the stock. Stephens raised shares of Roku from an “equal” rating to an “overweight” rating and boosted their price objective for the company from $84.00 to $120.00 in a research report on Thursday, August 8th. Wedbush reissued a “hold” rating and issued a $105.00 price objective on shares of Roku in a research report on Thursday, August 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $107.00 price objective (up from $90.00) on shares of Roku in a research report on Thursday, August 8th. Vertical Group raised shares of Roku from a “mixed” rating to a “positive” rating in a research report on Wednesday, August 7th. Finally, Needham & Company LLC boosted their price objective on shares of Roku from $120.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Roku currently has an average rating of “Hold” and a consensus price target of $102.98.
In related news, Director Jeff Hastings sold 2,222 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $92.00, for a total transaction of $204,424.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan S. Henricks sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $100.00, for a total transaction of $600,000.00. The disclosure for this sale can be found here. Insiders sold a total of 620,733 shares of company stock valued at $63,611,652 in the last ninety days. Corporate insiders own 22.70% of the company’s stock.
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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