Roku, Inc. (NASDAQ:ROKU) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,600 shares of the company's stock after purchasing an additional 4,500 shares during the period. Handelsbanken Fonder AB's holdings in Roku were worth $2,572,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ieq Capital LLC raised its stake in shares of Roku by 18.3% in the 4th quarter. Ieq Capital LLC now owns 12,846 shares of the company's stock valued at $955,000 after acquiring an additional 1,990 shares during the period. Private Advisor Group LLC boosted its position in shares of Roku by 29.1% during the fourth quarter. Private Advisor Group LLC now owns 23,679 shares of the company's stock worth $1,760,000 after buying an additional 5,332 shares during the period. Global Retirement Partners LLC grew its stake in shares of Roku by 591.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,311 shares of the company's stock valued at $172,000 after buying an additional 1,977 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Roku in the 4th quarter valued at $233,000. Finally, Kestra Investment Management LLC lifted its stake in Roku by 57.1% during the 4th quarter. Kestra Investment Management LLC now owns 6,928 shares of the company's stock worth $515,000 after acquiring an additional 2,517 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the sale, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company's stock, valued at $2,193,100.32. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,421 shares of company stock worth $9,660,786 over the last ninety days. 13.98% of the stock is currently owned by company insiders.

Roku Price Performance

Shares of ROKU traded up $2.02 during mid-day trading on Friday, reaching $83.51. 3,052,108 shares of the company's stock were exchanged, compared to its average volume of 3,706,125. The business's fifty day simple moving average is $82.08 and its 200-day simple moving average is $75.88. The stock has a market capitalization of $12.19 billion, a PE ratio of -93.83 and a beta of 2.05. 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 posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. The company 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%. Equities research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROKU. Macquarie reaffirmed an "outperform" rating and issued a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on shares of Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Rosenblatt Securities reiterated a "neutral" rating and issued a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. Finally, Bank of America boosted their target price on Roku from $90.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.00.

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.