Fox Run Management L.L.C. Purchases 5,331 Shares of Roku, Inc. (NASDAQ:ROKU)

Fox Run Management L.L.C. boosted its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 42.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,010 shares of the company's stock after purchasing an additional 5,331 shares during the period. Fox Run Management L.L.C.'s holdings in Roku were worth $1,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Holocene Advisors LP bought a new position in shares of Roku during the third quarter valued at about $129,015,000. Westfield Capital Management Co. LP boosted its holdings in Roku by 126.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company's stock valued at $114,646,000 after acquiring an additional 856,401 shares in the last quarter. Point72 Asset Management L.P. increased its position in Roku by 352.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock valued at $48,653,000 after purchasing an additional 507,643 shares during the period. JAT Capital Mgmt LP raised its holdings in Roku by 470.2% in the 3rd quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company's stock worth $40,359,000 after purchasing an additional 445,777 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Roku by 164.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 506,351 shares of the company's stock worth $37,642,000 after purchasing an additional 314,931 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have commented on ROKU shares. Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. Wells Fargo & Company raised Roku from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. UBS Group boosted their target price on shares of Roku from $73.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Bank of America increased their price target on shares of Roku from $90.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.67.

Insider Activity

In related news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the sale, the chief financial officer now owns 63,555 shares of the company's stock, valued at approximately $4,905,174.90. This trade represents a 1.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,908 shares of company stock worth $8,633,436 in the last three months. Company insiders own 13.98% of the company's stock.

Roku Stock Up 0.6 %

Shares of Roku stock traded up $0.50 during trading hours on Tuesday, reaching $81.73. 2,546,401 shares of the stock traded hands, compared to its average volume of 3,696,014. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of -91.83 and a beta of 2.12. The company has a 50 day moving average price of $80.98 and a 200 day moving average price of $77.42.

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

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.