Kapitalo Investimentos Ltda Buys 1,769 Shares of Roku, Inc. (NASDAQ:ROKU)

Kapitalo Investimentos Ltda lifted its stake in Roku, Inc. (NASDAQ:ROKU) by 73.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,179 shares of the company’s stock after acquiring an additional 1,769 shares during the period. Kapitalo Investimentos Ltda’s holdings in Roku were worth $383,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Gotham Asset Management LLC raised its stake in shares of Roku by 200.3% in the 3rd quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock valued at $2,903,000 after acquiring an additional 27,431 shares in the last quarter. Nordea Investment Management AB increased its position in Roku by 8.2% in the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after buying an additional 551 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Roku by 8.7% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,381 shares of the company’s stock worth $1,043,000 after buying an additional 914 shares during the period. Norges Bank bought a new position in Roku in the 4th quarter worth approximately $90,386,000. Finally, Garde Capital Inc. bought a new position in Roku in the 4th quarter worth approximately $105,000. 86.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ROKU has been the topic of several recent analyst reports. Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Benchmark decreased their price objective on Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Wells Fargo & Company lifted their price objective on Roku from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Wedbush decreased their price objective on Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Piper Sandler reissued a “neutral” rating and set a $65.00 price objective (down previously from $81.00) on shares of Roku in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $82.50.

Roku Price Performance

Roku stock opened at $52.53 on Wednesday. The business’s fifty day moving average is $58.48 and its two-hundred day moving average is $72.99. Roku, Inc. has a 52 week low of $52.50 and a 52 week high of $108.84.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The company had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.38) earnings per share. On average, equities analysts expect that Roku, Inc. will post -1.94 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 12,124 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $55.59, for a total value of $673,973.16. Following the sale, the senior vice president now directly owns 91,905 shares in the company, valued at $5,108,998.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Charles Collier sold 7,181 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total value of $409,532.43. Following the completion of the sale, the insider now directly owns 15,654 shares in the company, valued at $892,747.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Stephen H. Kay sold 12,124 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total value of $673,973.16. Following the sale, the senior vice president now owns 91,905 shares of the company’s stock, valued at $5,108,998.95. The disclosure for this sale can be found here. Insiders have sold 23,898 shares of company stock worth $1,347,966 in the last three months. Insiders own 13.98% of the company’s stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.