Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 3,200 Shares of Roku, Inc. (NASDAQ:ROKU)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,100 shares of the company's stock after selling 3,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Roku were worth $2,015,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. boosted its stake in shares of Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Raelipskie Partnership bought a new position in shares of Roku in the 3rd quarter valued at about $32,000. Game Plan Financial Advisors LLC bought a new position in shares of Roku in the 4th quarter valued at about $37,000. GS Investments Inc. boosted its stake in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company's stock worth $44,000 after acquiring an additional 147 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Roku by 52.8% during the 4th quarter. Allworth Financial LP now owns 634 shares of the company's stock worth $50,000 after acquiring an additional 219 shares during the last quarter. Institutional investors own 86.30% of the company's stock.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total transaction of $199,900.00. Following the transaction, the chief financial officer now directly owns 56,555 shares in the company, valued at approximately $5,652,672.25. This represents a 3.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on 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 $2,116,936.26. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,432 shares of company stock worth $9,661,783. Corporate insiders own 13.98% of the company's stock.

Roku Trading Up 2.5 %

ROKU stock traded up $2.02 during trading on Friday, hitting $83.51. The company had a trading volume of 3,053,372 shares, compared to its average volume of 3,707,244. The business has a 50-day moving average of $82.14 and a 200-day moving average of $76.22. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The stock has a market cap of $12.19 billion, a PE ratio of -93.83 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. The business 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%. Research analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

ROKU has been the topic of several research analyst reports. Rosenblatt Securities restated a "neutral" rating and set a $86.00 target price on shares of Roku in a report on Thursday, February 13th. Benchmark raised their target price on shares of Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Pivotal Research upgraded shares of Roku from a "hold" rating to a "buy" rating and raised their target price for the stock from $65.00 to $125.00 in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $96.00.

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.