Bedell Frazier Investment Counselling LLC acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 49,726 shares of the company's stock, valued at approximately $3,697,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC purchased a new position in shares of Roku during the 4th quarter valued at $272,000. Allianz SE purchased a new position in shares of Roku in the fourth quarter valued at about $39,000. Allstate Corp bought a new position in shares of Roku in the fourth quarter worth about $275,000. DnB Asset Management AS raised its stake in Roku by 2.3% during the 4th quarter. DnB Asset Management AS now owns 22,204 shares of the company's stock valued at $1,651,000 after purchasing an additional 495 shares during the period. Finally, denkapparat Operations GmbH bought a new position in Roku in the 4th quarter worth approximately $310,000. Institutional investors own 86.30% of the company's stock.
Insider Buying and Selling
In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,116,936.26. This represents a 48.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 7,181 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the completion of the transaction, the insider now owns 7,380 shares in the company, valued at $577,485. This represents a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,905 shares of company stock valued at $8,632,306. Company insiders own 13.98% of the company's stock.
Roku Trading Down 11.0 %
ROKU stock traded down $7.89 during midday trading on Thursday, reaching $63.53. The stock had a trading volume of 3,686,845 shares, compared to its average volume of 3,710,718. The company's fifty day simple moving average is $80.64 and its 200 day simple moving average is $77.62. The company has a market cap of $9.27 billion, a price-to-earnings ratio of -71.38 and a beta of 2.17. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96.
Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Sell-side analysts predict that Roku, Inc. will post -0.3 EPS for the current year.
Analyst Ratings Changes
Several analysts have commented on ROKU shares. Citizens Jmp upgraded shares of Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. Loop Capital raised their target price on shares of Roku from $70.00 to $80.00 and gave the company a "hold" rating in a report on Monday, December 9th. Citigroup upgraded shares of Roku from a "neutral" rating to an "outperform" rating in a report on Sunday, March 23rd. JMP Securities lifted their price target on Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. Finally, UBS Group upgraded Roku from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $96.55.
Get Our Latest Research Report on Roku
About Roku
(
Free Report)
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.
Read More
Before you consider Roku, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roku wasn't on the list.
While Roku currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
