Vontobel Holding Ltd. Boosts Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Vontobel Holding Ltd. grew its position in shares of Roku, Inc. (NASDAQ:ROKU) by 32.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,771 shares of the company’s stock after purchasing an additional 19,543 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.06% of Roku worth $7,312,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Gotham Asset Management LLC increased its holdings in shares of Roku by 200.3% during the 3rd quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock valued at $2,903,000 after purchasing an additional 27,431 shares in the last quarter. Nordea Investment Management AB increased its holdings in Roku by 8.2% in the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after acquiring an additional 551 shares in the last quarter. Barclays PLC increased its holdings in Roku by 13.0% in the 3rd quarter. Barclays PLC now owns 215,766 shares of the company’s stock worth $15,231,000 after acquiring an additional 24,765 shares in the last quarter. Deutsche Bank AG increased its holdings in Roku by 27.6% in the 3rd quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock worth $10,922,000 after acquiring an additional 33,500 shares in the last quarter. Finally, New York Life Investment Management LLC increased its holdings in Roku by 109.7% in the 3rd quarter. New York Life Investment Management LLC now owns 14,299 shares of the company’s stock worth $1,009,000 after acquiring an additional 7,480 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROKU has been the subject of several recent analyst reports. Pivotal Research cut their price target on shares of Roku from $85.00 to $75.00 and set a “hold” rating for the company in a report on Friday, February 16th. Citigroup cut their price target on shares of Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Susquehanna boosted their price target on shares of Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Oppenheimer lowered shares of Roku from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Finally, Morgan Stanley cut their price target 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. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Roku has an average rating of “Hold” and a consensus price target of $86.67.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Charles Collier sold 12,277 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total transaction of $798,741.62. Following the sale, the insider now owns 4,292 shares of the company’s stock, valued at $279,237.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the 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 sale, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. Insiders have sold 54,545 shares of company stock valued at $4,364,035 over the last 90 days. 13.63% of the stock is owned by insiders.

Roku Price Performance

Shares of ROKU stock opened at $57.82 on Wednesday. The company’s 50-day moving average price is $68.64 and its 200-day moving average price is $79.31. Roku, Inc. has a twelve month low of $51.62 and a twelve month high of $108.84.

Roku (NASDAQ:ROKU) last posted its 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 analysts’ expectations of $967.72 million. During the same quarter in the prior year, the company posted ($1.70) earnings per share. Roku’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts forecast that Roku, Inc. will post -2.16 earnings per share for the current year.

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.