4,653 Shares in Roku, Inc. (NASDAQ:ROKU) Bought by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC purchased a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,653 shares of the company's stock, valued at approximately $346,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ROKU. Geneos Wealth Management Inc. lifted its stake in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Raelipskie Partnership purchased a new stake in Roku in the third quarter worth $32,000. EverSource Wealth Advisors LLC lifted its position in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company's stock worth $40,000 after purchasing an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Roku during the third quarter valued at $43,000. Finally, GS Investments Inc. boosted its stake in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after purchasing an additional 147 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roku

In related news, insider Charles Collier sold 10,771 shares of Roku stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the transaction, the insider now directly owns 3,790 shares in the company, valued at approximately $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now owns 65,555 shares in the company, valued at approximately $4,916,625. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,095 shares of company stock worth $5,726,218. Company insiders own 13.98% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Roku from $60.00 to $55.00 and set an "underperform" rating for the company in a report on Friday, November 1st. Citizens Jmp raised shares of Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price objective on Roku from $72.00 to $74.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Wedbush reaffirmed an "outperform" rating and set a $100.00 target price on shares of Roku in a research report on Wednesday, January 8th. Finally, UBS Group began coverage on Roku in a research report on Friday, November 22nd. They set a "neutral" rating and a $73.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $83.18.

Roku Trading Down 3.0 %

Shares of NASDAQ:ROKU traded down $2.49 on Friday, hitting $81.29. 2,826,438 shares of the company were exchanged, compared to its average volume of 2,305,989. The stock's 50 day moving average price is $77.30 and its 200 day moving average price is $71.42. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $99.80. The firm has a market capitalization of $11.80 billion, a P/E ratio of -67.74 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the business earned ($2.33) EPS. The company's quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities analysts predict that Roku, Inc. will post -1.09 EPS for the current fiscal year.

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.