Raymond James Financial Services Advisors Inc. Has $1.73 Million Position in Roku Inc (ROKU)

Raymond James Financial Services Advisors Inc. lowered its holdings in Roku Inc (NASDAQ:ROKU) by 44.9% in the fourth quarter, Holdings Channel reports. The firm owned 56,329 shares of the company’s stock after selling 45,865 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Roku were worth $1,726,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Advisors Asset Management Inc. boosted its holdings in Roku by 59.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,854 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares during the last quarter. Rehmann Capital Advisory Group purchased a new position in Roku in the third quarter valued at about $59,000. We Are One Seven LLC purchased a new position in Roku in the fourth quarter valued at about $27,000. Silvant Capital Management LLC boosted its holdings in Roku by 13.9% in the fourth quarter. Silvant Capital Management LLC now owns 8,283 shares of the company’s stock valued at $254,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new position in Roku in the fourth quarter valued at about $35,000. 42.91% of the stock is owned by hedge funds and other institutional investors.

ROKU has been the subject of a number of analyst reports. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, January 9th. Citigroup increased their price target on Roku from $44.00 to $53.00 and gave the company a “neutral” rating in a report on Monday, February 25th. Loop Capital reduced their price target on Roku to $40.00 and set a “hold” rating for the company in a report on Tuesday, January 15th. DA Davidson increased their price target on Roku to $60.00 and gave the company an “average” rating in a report on Friday, February 22nd. Finally, SunTrust Banks increased their price target on Roku to $63.00 and gave the company a “hold” rating in a report on Wednesday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $65.07.

In other Roku news, SVP Stephen H. Kay sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $71.96, for a total transaction of $1,079,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steve Louden sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $71.00, for a total value of $7,100,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 433,639 shares of company stock worth $22,880,175. 0.55% of the stock is currently owned by company insiders.

NASDAQ:ROKU opened at $62.79 on Friday. Roku Inc has a 52 week low of $26.30 and a 52 week high of $77.57. The company has a market cap of $6.91 billion, a price-to-earnings ratio of -784.88 and a beta of 3.90.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 21st. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Roku had a negative return on equity of 4.06% and a negative net margin of 1.19%. The company had revenue of $275.74 million for the quarter, compared to the consensus estimate of $262.57 million. On average, sell-side analysts expect that Roku Inc will post -0.7 earnings per share for the current year.

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Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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