Motley Fool Asset Management LLC Acquires Shares of 2,310 Roku, Inc. (NASDAQ:ROKU)

Motley Fool Asset Management LLC acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,310 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ROKU. FMR LLC increased its stake in Roku by 85.9% during the 3rd quarter. FMR LLC now owns 9,441,349 shares of the company’s stock valued at $666,465,000 after purchasing an additional 4,363,754 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Roku in the third quarter worth approximately $55,182,000. Wellington Management Group LLP grew its stake in shares of Roku by 34.6% in the third quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock worth $179,516,000 after acquiring an additional 653,940 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Roku by 814.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 270,888 shares of the company’s stock worth $24,830,000 after acquiring an additional 241,255 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Roku by 1,910.3% in the third quarter. Principal Financial Group Inc. now owns 213,757 shares of the company’s stock worth $15,089,000 after acquiring an additional 203,124 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $56.35 on Friday. Roku, Inc. has a 1-year low of $51.62 and a 1-year high of $108.84. The company has a market capitalization of $8.09 billion, a P/E ratio of -14.12 and a beta of 1.66. The firm’s 50 day simple moving average is $62.80 and its two-hundred day simple moving average is $78.48.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.73%. The business had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. During the same quarter in the previous year, the firm earned ($1.38) earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post -2.12 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Charles Collier sold 12,277 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total value of $798,741.62. Following the sale, the insider now owns 4,292 shares in the company, valued at $279,237.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares in the company, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,545 shares of company stock valued at $4,364,035. 13.63% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $65.00 price target (down from $81.00) on shares of Roku in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Roku in a research note on Friday. Stephens reiterated an “overweight” rating and issued a $105.00 price target on shares of Roku in a research note on Friday, February 16th. Morgan Stanley reduced their price target on shares of Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, April 5th. Finally, Benchmark reduced their price target on shares of Roku from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Roku currently has a consensus rating of “Hold” and an average price target of $83.90.

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.