Roku, Inc. (NASDAQ:ROKU) Position Cut by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its stake in Roku, Inc. (NASDAQ:ROKU) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 44,877 shares of the company’s stock after selling 442 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Roku were worth $3,457,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ROKU. Allspring Global Investments Holdings LLC lifted its stake in Roku by 11.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock valued at $165,000 after buying an additional 222 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Roku by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after purchasing an additional 202 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Roku by 8,030.0% during the third quarter. International Assets Investment Management LLC now owns 108,780 shares of the company’s stock valued at $8,122,000 after purchasing an additional 107,442 shares in the last quarter. Cross Staff Investments Inc bought a new stake in shares of Roku during the third quarter valued at about $224,000. Finally, PFG Investments LLC raised its stake in shares of Roku by 3.7% during the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after purchasing an additional 150 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roku

In other Roku news, CFO Dan Jedda sold 5,000 shares of Roku stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the transaction, the chief financial officer now owns 58,555 shares of the company’s stock, valued at $5,878,922. The trade was a 7.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of Roku 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 directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,421 shares of company stock valued at $9,660,786 in the last 90 days. 13.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Benchmark lifted their price objective on shares of Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley lifted their price objective on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Piper Sandler lifted their target price on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and an average target price of $92.62.

Roku Trading Down 3.5 %

Shares of ROKU opened at $92.41 on Thursday. The business’s 50-day moving average price is $81.34 and its 200 day moving average price is $74.61. The stock has a market capitalization of $13.42 billion, a P/E ratio of -103.83 and a beta of 2.05. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96.

Roku (NASDAQ:ROKU) last released 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. Roku had a negative return on equity of 5.39% and a negative net margin of 3.15%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. On average, research analysts predict 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.