Berkshire Capital Holdings Inc. grew its position in Roku Inc (NASDAQ:ROKU) by 639,600.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,970 shares of the company’s stock after buying an additional 63,960 shares during the quarter. Roku accounts for 2.0% of Berkshire Capital Holdings Inc.’s holdings, making the stock its 24th largest holding. Berkshire Capital Holdings Inc. owned about 0.06% of Roku worth $5,794,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its holdings in Roku by 87.6% during the second quarter. Parametric Portfolio Associates LLC now owns 31,981 shares of the company’s stock valued at $2,897,000 after buying an additional 14,932 shares during the period. Athanor Capital LP purchased a new stake in shares of Roku during the 2nd quarter worth $625,000. Natixis bought a new stake in Roku during the second quarter valued at about $15,591,000. Ossiam bought a new stake in Roku during the second quarter valued at about $4,660,000. Finally, Tobam bought a new position in Roku in the second quarter worth about $88,000. Institutional investors and hedge funds own 53.25% of the company’s stock.
Several analysts have commented on ROKU shares. Wedbush reissued a “hold” rating and set a $105.00 price target on shares of Roku in a research report on Thursday, August 8th. Oppenheimer lifted their price objective on shares of Roku from $79.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. DA Davidson boosted their price objective on shares of Roku from $135.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. SunTrust Banks boosted their price objective on shares of Roku from $63.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Roku from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $111.14.
Shares of Roku stock opened at $144.14 on Wednesday. The firm’s 50 day simple moving average is $130.80 and its two-hundred day simple moving average is $92.82. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of -1,801.75 and a beta of 1.76. Roku Inc has a 12-month low of $26.30 and a 12-month high of $176.55.
Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.14. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The firm had revenue of $250.10 million for the quarter, compared to analyst estimates of $223.36 million. The firm’s revenue for the quarter was up 59.5% compared to the same quarter last year. Equities research analysts anticipate that Roku Inc will post -0.56 EPS for the current fiscal year.
In other Roku news, SVP Mustafa Ozgen sold 9,989 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $164.79, for a total transaction of $1,646,087.31. Following the completion of the transaction, the senior vice president now directly owns 9,989 shares of the company’s stock, valued at approximately $1,646,087.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan S. Henricks sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $125.10, for a total transaction of $1,251,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 641,585 shares of company stock valued at $69,218,423. 22.70% of the stock is currently owned by insiders.
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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