5 Stocks To Sell According to Motley Fool

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In this article, we will be looking at 5 stocks to sell according to Motley Fool. To read our detailed analysis of current market dynamics heading into 2023, you can go directly to see the 12 Stocks To Sell According to Motley Fool.

5. Roku, Inc. (NASDAQ:ROKU)

Number of Hedge Fund Holders: 33

Roku, Inc. (NASDAQ:ROKU) is a communication services company based in San Jose, California. The company operates a TV streaming platform. It operates through its Platform and Player segments.

Matthew Thornton at Truist downgraded shares of Roku, Inc. (NASDAQ:ROKU) from Buy to Hold on January 17.

In December, shares of Roku, Inc. (NASDAQ:ROKU) reached a new one-year low of $40.88. Motley Fool Asset Management completely eliminated its stake in the company during third quarter.

A total of 33 hedge funds were long Roku, Inc. (NASDAQ:ROKU) in the third quarter. The total stake value in the company was $916.9 million.

Saga Partners, an investment management firm, mentioned Roku, Inc. (NASDAQ:ROKU) in its second-quarter 2022 investor letter. Here’s what the firm said:

“The Portfolio first bought Roku in Q3’20. It was a company we followed closely given our investment in The Trade Desk and its importance in connected television (CTV). Roku continued to impressively grow its CTV market share and it took some extra work to understand the underlying dynamics causing Roku’s success. I think there is some misunderstanding surrounding the connected television landscape. Since I haven’t written extensively on the topic in past letters, I thought it would be helpful to provide a little more background on the underlying dynamics of the space below…” (Click here to see the full text)

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