Bull Harbor Capital LLC Purchases New Stake in Roku, Inc. $ROKU

Bull Harbor Capital LLC acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,640 shares of the company’s stock, valued at approximately $344,000.

Several other large investors have also recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in shares of Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares in the last quarter. Bayban boosted its holdings in Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after buying an additional 260 shares in the last quarter. WPG Advisers LLC acquired a new position in Roku during the fourth quarter worth about $31,000. Safe Harbor Fiduciary LLC acquired a new position in Roku during the fourth quarter worth about $31,000. Finally, Osbon Capital Management LLC acquired a new position in Roku during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling

In related news, insider Charles Collier sold 20,538 shares of Roku stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $124.23, for a total transaction of $2,551,435.74. Following the completion of the transaction, the insider directly owned 7,700 shares in the company, valued at $956,571. The trade was a 72.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 224,181 shares of company stock valued at $29,043,628. 13.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ROKU has been the subject of a number of research reports. Guggenheim lifted their price target on shares of Roku from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Evercore lowered Roku from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Wedbush downgraded Roku from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a research note on Tuesday, June 16th. Wolfe Research downgraded Roku from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. Finally, Zacks Research cut Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Ten investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $155.12.

Roku Trading Down 0.1%

Shares of ROKU opened at $145.01 on Friday. The stock has a market cap of $21.38 billion, a P/E ratio of 109.03 and a beta of 2.01. The company has a 50-day moving average of $136.45 and a two-hundred day moving average of $114.86. Roku, Inc. has a 12-month low of $78.53 and a 12-month high of $148.88.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. As a group, analysts forecast that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.