Resona Asset Management Co. Ltd. Purchases New Position in Roku, Inc. (NASDAQ:ROKU)

Resona Asset Management Co. Ltd. purchased a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 36,118 shares of the company's stock, valued at approximately $2,697,000.

Other large investors have also made changes to their positions in the company. ExodusPoint Capital Management LP bought a new stake in shares of Roku in the 4th quarter worth about $7,485,000. Arete Wealth Advisors LLC acquired a new stake in shares of Roku in the fourth quarter valued at $206,000. Headlands Technologies LLC bought a new position in shares of Roku in the fourth quarter valued at about $1,443,000. Geode Capital Management LLC lifted its position in Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after buying an additional 56,820 shares in the last quarter. Finally, StoneX Group Inc. bought a new stake in Roku during the 4th quarter worth about $766,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $2,510,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,664,415.20. The trade was a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares of the company's stock, valued at approximately $5,163,225. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,905 shares of company stock worth $6,638,056 over the last 90 days. Corporate insiders own 13.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ROKU. Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $74.00 to $129.00 in a research report on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Bank of America began coverage on Roku in a research report on Thursday, March 27th. They set a "buy" rating and a $100.00 price target on the stock. Citigroup raised Roku from a "neutral" rating to an "outperform" rating in a research note on Sunday, March 23rd. Finally, JMP Securities lifted their price objective on shares of Roku from $95.00 to $115.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Roku currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.33.

Roku Trading Up 0.5 %

ROKU stock traded up $0.33 during trading on Monday, reaching $60.55. 943,515 shares of the stock were exchanged, compared to its average volume of 3,795,180. The firm has a market cap of $8.84 billion, a P/E ratio of -68.03 and a beta of 2.17. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The firm's 50 day moving average is $76.49 and its 200 day moving average is $76.59.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal 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.