Monetary Management Group Inc. boosted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 254.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,595 shares of the company’s stock after buying an additional 1,145 shares during the period. Monetary Management Group Inc.’s holdings in Roku were worth $733,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Biltmore Capital Advisors LLC grew its stake in Roku by 0.5% during the second quarter. Biltmore Capital Advisors LLC now owns 4,737 shares of the company’s stock worth $2,175,000 after buying an additional 25 shares during the last quarter. TCI Wealth Advisors Inc. grew its position in Roku by 15.9% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 190 shares of the company’s stock worth $87,000 after acquiring an additional 26 shares during the last quarter. Credit Agricole S A increased its holdings in Roku by 48.3% during the 2nd quarter. Credit Agricole S A now owns 86 shares of the company’s stock valued at $40,000 after purchasing an additional 28 shares in the last quarter. United Asset Strategies Inc. raised its position in Roku by 4.1% in the 2nd quarter. United Asset Strategies Inc. now owns 768 shares of the company’s stock valued at $353,000 after purchasing an additional 30 shares during the last quarter. Finally, Eudaimonia Partners LLC boosted its stake in Roku by 10.5% in the first quarter. Eudaimonia Partners LLC now owns 347 shares of the company’s stock worth $113,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 62.10% of the company’s stock.
Shares of ROKU traded down $4.89 during trading hours on Monday, reaching $317.00. The stock had a trading volume of 53,921 shares, compared to its average volume of 4,266,104. The company has a market cap of $42.30 billion, a P/E ratio of 196.28 and a beta of 1.74. Roku, Inc. has a 52 week low of $176.63 and a 52 week high of $490.76. The company has a quick ratio of 4.50, a current ratio of 4.58 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $371.19 and a 200 day moving average of $363.96.
ROKU has been the subject of a number of research analyst reports. Truist lifted their price target on Roku from $367.00 to $390.00 and gave the company a “buy” rating in a report on Friday, August 27th. Truist Securities upped their target price on shares of Roku from $367.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, August 27th. Stephens raised shares of Roku from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $400.00 to $475.00 in a report on Thursday, August 5th. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $395.00 price objective on the stock in a report on Thursday. Finally, Needham & Company LLC began coverage on Roku in a research report on Thursday, July 15th. They issued a “buy” rating and a $550.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, Roku has an average rating of “Buy” and a consensus price target of $442.58.
In related news, CEO Anthony J. Wood sold 80,000 shares of the stock in a transaction dated Wednesday, September 15th. The stock was sold at an average price of $316.00, for a total transaction of $25,280,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott A. Rosenberg sold 5,358 shares of the firm’s stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $358.02, for a total transaction of $1,918,271.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 529,758 shares of company stock valued at $203,888,131. 15.32% of the stock is owned by company insiders.
Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.
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