Roku, Inc. (NASDAQ:ROKU) Stock Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 53.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,393 shares of the company’s stock after purchasing an additional 1,186 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Roku were worth $253,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC increased its stake in shares of Roku by 57.7% in the fourth quarter. Summit Trail Advisors LLC now owns 7,509 shares of the company’s stock worth $558,000 after acquiring an additional 2,748 shares during the last quarter. Entropy Technologies LP lifted its holdings in shares of Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after buying an additional 18,520 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in Roku by 11.7% in the fourth quarter. Apollon Wealth Management LLC now owns 6,355 shares of the company’s stock worth $472,000 after buying an additional 665 shares during the last quarter. Ameliora Wealth Management Ltd. bought a new position in Roku during the fourth quarter valued at approximately $92,000. Finally, Verity Asset Management Inc. lifted its stake in Roku by 14.2% in the fourth quarter. Verity Asset Management Inc. now owns 17,303 shares of the company’s stock valued at $1,286,000 after acquiring an additional 2,157 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at $2,193,100.32. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,421 shares of company stock valued at $9,660,786. 13.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Piper Sandler boosted their price target on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Citigroup increased their price objective on Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. JMP Securities boosted their target price on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Finally, UBS Group increased their price target on Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.00.

Roku Price Performance

Shares of ROKU stock opened at $85.76 on Wednesday. The stock has a market cap of $12.52 billion, a P/E ratio of -96.36 and a beta of 2.05. The stock has a fifty day moving average price of $81.88 and a 200 day moving average price of $75.77. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Equities research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

About Roku

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.