International Assets Investment Management LLC Raises 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% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,265 shares of the company’s stock after acquiring an additional 131,299 shares during the quarter. International Assets Investment Management LLC owned 0.09% of Roku worth $12,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of Roku during the 4th quarter worth about $29,000. Federated Hermes Inc. acquired a new stake in shares of Roku during the third quarter valued at about $37,000. Headinvest LLC purchased a new stake in Roku during the 3rd quarter worth approximately $42,000. Spire Wealth Management increased its stake in shares of Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Roku by 307.1% in the 4th quarter. Global Retirement Partners LLC now owns 684 shares of the company’s stock worth $58,000 after purchasing an additional 516 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ROKU shares. Citigroup reduced their target price on Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $65.00 price objective (down previously from $81.00) on shares of Roku in a report on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Roku in a report on Friday, April 26th. Seaport Res Ptn raised shares of Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Finally, Susquehanna cut their target price on shares of Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a report on Monday, April 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.50.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $59.11 on Monday. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of -14.81 and a beta of 1.69. The stock’s 50 day moving average price is $62.07 and its 200 day moving average price is $78.31.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. The company had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. Roku’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company earned ($1.38) EPS. On average, sell-side analysts expect that Roku, Inc. will post -1.94 EPS for the current year.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was 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 through this link. In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 12th. The stock was 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 approximately $13,930,039.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen H. Kay sold 4,310 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the sale, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,751 shares of company stock worth $4,375,835. Corporate insiders own 13.63% of the company’s stock.

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.