Roku, Inc. (NASDAQ:ROKU) Shares Purchased by Xponance Inc.

Xponance Inc. lifted its stake in Roku, Inc. (NASDAQ:ROKU) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,036 shares of the company’s stock after acquiring an additional 1,783 shares during the period. Xponance Inc.’s holdings in Roku were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kennondale Capital Management LLC acquired a new stake in shares of Roku in the fourth quarter valued at $1,826,000. Counterpoint Mutual Funds LLC bought a new stake in Roku in the fourth quarter worth about $697,000. Achmea Investment Management B.V. lifted its holdings in Roku by 146.4% in the 4th quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company’s stock valued at $756,000 after acquiring an additional 6,042 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its stake in shares of Roku by 91.3% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 3,812 shares of the company’s stock worth $283,000 after purchasing an additional 1,819 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Roku by 3.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,328 shares of the company’s stock worth $842,000 after purchasing an additional 352 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insider Activity at Roku

In other news, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the transaction, the chief accounting officer now owns 7,256 shares of the company’s stock, valued at $583,092.16. This trade represents a 20.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,116,936.26. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,908 shares of company stock valued at $8,633,436. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Up 6.1 %

ROKU stock opened at $78.29 on Monday. The firm has a 50 day moving average of $80.89 and a two-hundred day moving average of $77.32. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of -87.97 and a beta of 2.12.

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 analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ROKU shares. Rosenblatt Securities restated a “neutral” rating and set a $86.00 target price on shares of Roku in a report on Thursday, February 13th. Citizens Jmp raised Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Roku in a research report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Loop Capital boosted their price objective on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and a consensus price target of $96.71.

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.