Vontobel Holding Ltd. Reduces Position in Roku, Inc. (NASDAQ:ROKU)

Vontobel Holding Ltd. lowered its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 85.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,947 shares of the company’s stock after selling 54,685 shares during the quarter. Vontobel Holding Ltd.’s holdings in Roku were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Roku during the 4th quarter worth $233,000. Van ECK Associates Corp purchased a new position in shares of Roku in the 4th quarter valued at about $675,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Roku by 53.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,393 shares of the company’s stock worth $253,000 after acquiring an additional 1,186 shares in the last quarter. Summit Trail Advisors LLC increased its position 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 valued at $558,000 after buying an additional 2,748 shares in the last quarter. Finally, Entropy Technologies LP lifted its holdings in shares of Roku by 264.4% in the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after purchasing an additional 18,520 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the sale, the chief financial officer now directly owns 64,555 shares of the company’s stock, valued at $5,340,635.15. The trade was a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,421 shares of company stock valued at $9,660,786 over the last three months. 13.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ROKU has been the topic of a number of recent research reports. Pivotal Research upgraded shares of Roku from a “hold” rating to a “buy” rating and upped their target price for the company from $65.00 to $125.00 in a report on Friday, February 14th. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and raised their target price for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Bank of America boosted their price objective on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group dropped their price target on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Friday, November 1st. Finally, UBS Group boosted 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. Three research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.62.

Roku Stock Down 3.5 %

Shares of ROKU stock opened at $92.41 on Thursday. The stock has a 50-day simple moving average of $81.34 and a 200 day simple moving average of $74.61. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The stock has a market capitalization of $13.42 billion, a P/E ratio of -103.83 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted 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 5.39% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. On average, sell-side analysts anticipate that Roku, Inc. will post -0.8 earnings per share for the current year.

Roku 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.