Gilder Gagnon Howe & Co. LLC Has $64.30 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Gilder Gagnon Howe & Co. LLC grew its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 214.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 864,974 shares of the company's stock after acquiring an additional 589,610 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.60% of Roku worth $64,302,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Roku during the fourth quarter worth approximately $30,000. Game Plan Financial Advisors LLC purchased a new position in Roku during the fourth quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd increased its stake in Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after buying an additional 491 shares during the period. Finally, Allianz SE acquired a new stake in Roku during the fourth quarter valued at $39,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,333,486.34. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dan Jedda sold 5,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the sale, the chief financial officer now owns 58,555 shares in the company, valued at $5,878,922. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,905 shares of company stock worth $6,560,876. 13.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on ROKU shares. Citizens Jmp raised shares of Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Bank of America began coverage on shares of Roku in a research report on Thursday, March 27th. They set a "buy" rating and a $100.00 target price for the company. Jefferies Financial Group upgraded shares of Roku from an "underperform" rating to a "hold" rating and raised their price objective for the stock from $55.00 to $100.00 in a research note on Thursday, February 20th. Wedbush decreased their target price on Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Roku from $115.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.93.

Roku Price Performance

Shares of NASDAQ ROKU traded up $2.43 during mid-day trading on Monday, hitting $68.14. The company's stock had a trading volume of 3,561,396 shares, compared to its average volume of 3,715,515. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of -76.56 and a beta of 2.17. The company's fifty day simple moving average is $70.99 and its 200-day simple moving average is $75.52. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last released 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. The firm had revenue of $1.20 billion during 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%. On average, sell-side analysts predict that Roku, Inc. will post -0.3 EPS 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.