Roku, Inc. (NASDAQ:ROKU) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its holdings in Roku, Inc. (NASDAQ:ROKU) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,437 shares of the company’s stock after purchasing an additional 12,298 shares during the quarter. LPL Financial LLC owned about 0.09% of Roku worth $9,697,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC acquired a new position in Roku in the 4th quarter valued at about $30,000. Raelipskie Partnership acquired a new position in Roku in the 3rd quarter valued at about $32,000. Game Plan Financial Advisors LLC purchased a new stake in Roku during the 4th quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after acquiring an additional 491 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Trading Down 8.3 %

NASDAQ:ROKU opened at $55.28 on Friday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The company has a market capitalization of $8.07 billion, a P/E ratio of -62.11 and a beta of 2.17. The firm has a 50-day moving average price of $79.65 and a two-hundred day moving average price of $77.37.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, equities research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ROKU shares. JMP Securities increased their price target on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Rosenblatt Securities restated a “neutral” rating and issued a $86.00 target price on shares of Roku in a research note on Thursday, February 13th. Benchmark boosted their price target on shares of Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Roku in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. boosted their target price on Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.55.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,116,936.26. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,905 shares of company stock valued at $8,632,306 over the last quarter. 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.