Jupiter Asset Management Ltd. Purchases 314,931 Shares of Roku, Inc. (NASDAQ:ROKU)

Jupiter Asset Management Ltd. grew its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 164.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 506,351 shares of the company's stock after acquiring an additional 314,931 shares during the period. Jupiter Asset Management Ltd. owned 0.35% of Roku worth $37,642,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Roku by 23.9% in the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after acquiring an additional 121 shares during the last quarter. Clare Market Investments LLC acquired a new stake in shares of Roku in the fourth quarter valued at approximately $324,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Roku by 14.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,052 shares of the company's stock valued at $1,937,000 after purchasing an additional 3,367 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Roku in the fourth quarter valued at approximately $79,000. Finally, Amundi increased its holdings in shares of Roku by 50.4% in the fourth quarter. Amundi now owns 182,186 shares of the company's stock valued at $13,544,000 after purchasing an additional 61,056 shares in the last quarter. Institutional investors own 86.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ROKU shares. Baird R W raised shares of Roku from a "hold" rating to a "strong-buy" rating in a report on Monday, November 18th. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and raised their price target for the company from $55.00 to $100.00 in a report on Thursday, February 20th. Pivotal Research raised shares of Roku from a "hold" rating to a "buy" rating and raised their price target for the company from $65.00 to $125.00 in a report on Friday, February 14th. Finally, Benchmark raised their price target on shares of Roku from $100.00 to $130.00 and gave the company a "buy" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.71.

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Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction dated 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 $2,116,936.26. The trade was a 48.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction dated 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 directly owns 63,555 shares in the company, valued at $4,905,174.90. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 93,308 shares of company stock valued at $8,296,166. 13.98% of the stock is owned by corporate insiders.

Roku Stock Down 2.1 %

Shares of NASDAQ ROKU opened at $69.64 on Wednesday. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of -78.25 and a beta of 2.12. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The company's fifty day moving average is $82.12 and its 200-day moving average is $77.12.

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 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 net margin of 3.15% and a negative return on equity of 5.34%. On average, research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Roku Company 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.

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