Jacksonville Wealth Management LLC Acquires Shares of 4,653 Roku, Inc. (NASDAQ:ROKU)

Jacksonville Wealth Management LLC bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,653 shares of the company’s stock, valued at approximately $346,000.

Other hedge funds also recently added to or reduced their stakes in the company. GS Investments Inc. raised its position in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares during the last quarter. PFG Investments LLC grew its position in shares of Roku by 3.7% in 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 during the period. True Vision MN LLC increased its stake in shares of Roku by 3.1% during the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after acquiring an additional 152 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Roku by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after purchasing an additional 202 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Roku by 11.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock worth $165,000 after buying an additional 222 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the completion of the transaction, the chief accounting officer now directly owns 7,264 shares in the company, valued at $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the transaction, the chief financial officer now directly owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,095 shares of company stock valued at $5,726,218 in the last three months. 13.98% of the stock is currently owned by corporate insiders.

Roku Stock Performance

Shares of ROKU stock opened at $81.29 on Friday. The business has a 50 day moving average of $77.30 and a two-hundred day moving average of $71.35. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned ($2.33) earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, research analysts forecast that Roku, Inc. will post -1.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ROKU. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Bank of America raised their target price on Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research report on Wednesday, January 8th. Loop Capital upped their target price on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $70.00 to $90.00 in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and an average target price of $83.18.

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.