Roku, Inc. (NASDAQ:ROKU) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,499 shares of the company’s stock after buying an additional 2,499 shares during the period. Asset Management One Co. Ltd.’s holdings in Roku were worth $4,564,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ROKU. Quarry LP acquired a new position in Roku during the 2nd quarter valued at about $25,000. ICA Group Wealth Management LLC bought a new position in shares of Roku during the 4th quarter valued at about $25,000. Creative Financial Designs Inc. ADV bought a new position in shares of Roku during the 4th quarter valued at about $29,000. Federated Hermes Inc. bought a new position in shares of Roku during the 3rd quarter valued at about $37,000. Finally, Headinvest LLC bought a new position in shares of Roku during the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $120.00 price objective on shares of Roku in a research report on Friday, February 16th. Wells Fargo & Company lowered shares of Roku from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $77.00 to $51.00 in a research report on Tuesday, February 27th. Morgan Stanley decreased their target price on shares of Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, April 5th. Stephens reiterated an “overweight” rating and issued a $105.00 target price on shares of Roku in a report on Friday, February 16th. Finally, Oppenheimer cut shares of Roku from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.23.

Roku Stock Performance

Shares of ROKU opened at $61.14 on Thursday. Roku, Inc. has a twelve month low of $51.62 and a twelve month high of $108.84. The firm has a market cap of $8.77 billion, a PE ratio of -12.18 and a beta of 1.66. The firm’s 50 day moving average price is $70.38 and its 200 day moving average price is $79.40.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.55) EPS for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.10. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The company had revenue of $984.40 million for the quarter, compared to analyst estimates of $967.72 million. During the same quarter last year, the firm posted ($1.70) earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Roku, Inc. will post -2.16 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeffrey M. Blackburn purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $511,680. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, insider Charles Collier sold 4,182 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $65.00, for a total value of $271,830.00. Following the sale, the insider now owns 8,474 shares in the company, valued at $550,810. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey M. Blackburn acquired 8,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the purchase, the director now owns 8,000 shares of the company’s stock, valued at approximately $511,680. The disclosure for this purchase can be found here. Insiders have sold a total of 54,545 shares of company stock valued at $4,364,035 over the last 90 days. 13.63% of the stock is currently owned by company insiders.

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.