OMERS ADMINISTRATION Corp Buys 10,200 Shares of Roku, Inc. $ROKU

OMERS ADMINISTRATION Corp boosted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 62.8% in the first quarter, Holdings Channel.com reports. The firm owned 26,439 shares of the company’s stock after acquiring an additional 10,200 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Roku were worth $2,502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Roku by 18.6% during the first quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock worth $232,000 after buying an additional 515 shares in the last quarter. Focus Partners Wealth bought a new stake in Roku in the 1st quarter valued at approximately $229,000. EverSource Wealth Advisors LLC lifted its stake in Roku by 145.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $123,000 after acquiring an additional 826 shares in the last quarter. First Trust Advisors LP boosted its position in Roku by 231.0% during the 2nd quarter. First Trust Advisors LP now owns 70,786 shares of the company’s stock worth $6,221,000 after acquiring an additional 49,399 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in Roku during the 2nd quarter worth approximately $326,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Price Performance

Shares of ROKU stock opened at $143.91 on Wednesday. The company has a fifty day moving average price of $135.24 and a two-hundred day moving average price of $114.15. Roku, Inc. has a one year low of $78.53 and a one year high of $148.88. The stock has a market cap of $21.22 billion, a P/E ratio of 108.20 and a beta of 2.01.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) earnings per share. As a group, equities research analysts anticipate that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ROKU shares. Zacks Research downgraded shares of Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Pivotal Research restated a “buy” rating and set a $160.00 target price (up from $140.00) on shares of Roku in a report on Friday, May 1st. Rosenblatt Securities raised their target price on shares of Roku from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. William Blair lowered shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Finally, Seaport Research Partners set a $155.00 price target on shares of Roku in a research note on Tuesday, June 16th. Ten analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, Roku has a consensus rating of “Hold” and an average target price of $155.12.

Insider Buying and Selling

In other Roku news, insider Charles Collier sold 20,538 shares of Roku stock in a transaction on Monday, July 6th. The shares were sold at an average price of $142.51, for a total transaction of $2,926,870.38. Following the completion of the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at $2,166,152. The trade was a 57.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 7,000 shares of Roku stock in a transaction on Monday, June 15th. The stock was sold at an average price of $143.87, for a total transaction of $1,007,090.00. Following the transaction, the chief financial officer directly owned 79,963 shares of the company’s stock, valued at approximately $11,504,276.81. This trade represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 236,499 shares of company stock valued at $30,582,963. Insiders own 13.45% of the company’s stock.

Roku Company 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.