International Assets Investment Management LLC Boosts Stock Position in Roku, Inc. (NASDAQ:ROKU)

International Assets Investment Management LLC lifted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 13,592.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,265 shares of the company’s stock after purchasing an additional 131,299 shares during the period. International Assets Investment Management LLC owned 0.09% of Roku worth $12,123,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ROKU. Creative Financial Designs Inc. ADV purchased a new stake in Roku in the fourth quarter worth about $29,000. Covestor Ltd lifted its holdings in Roku by 693.2% in the first quarter. Covestor Ltd now owns 349 shares of the company’s stock worth $44,000 after buying an additional 305 shares during the period. Quarry LP purchased a new stake in Roku in the second quarter worth about $25,000. Federated Hermes Inc. purchased a new stake in Roku in the third quarter worth about $37,000. Finally, Headinvest LLC purchased a new stake in Roku in the third quarter worth about $42,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ROKU. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Roku in a research note on Wednesday, February 21st. Wedbush reaffirmed an “outperform” rating and set a $120.00 target price on shares of Roku in a research note on Friday, February 16th. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Friday, February 16th. Stephens reaffirmed an “overweight” rating and set a $105.00 target price on shares of Roku in a research note on Friday, February 16th. Finally, Pivotal Research decreased their target price on shares of Roku from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.67.

Insiders Place Their Bets

In other Roku 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 sale, the chief executive officer now owns 141,221 shares in the company, valued at approximately $13,930,039.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Stephen H. Kay sold 4,310 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the sale, the senior vice president now directly owns 81,459 shares in the company, valued at approximately $5,148,208.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The disclosure for this sale can be found here. Insiders have sold a total of 54,545 shares of company stock worth $4,364,035 in the last 90 days. 13.63% of the stock is currently owned by corporate insiders.

Roku Trading Down 3.3 %

Shares of Roku stock opened at $59.90 on Friday. Roku, Inc. has a 1-year low of $51.62 and a 1-year high of $108.84. The company’s fifty day simple moving average is $69.22 and its 200-day simple moving average is $79.21.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share 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 analysts’ expectations of $967.72 million. During the same quarter in the previous year, the company earned ($1.70) EPS. Roku’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, research analysts predict that Roku, Inc. will post -2.16 EPS for the current year.

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.