Mitsubishi UFJ Asset Management Co. Ltd. Has $7.39 Million Stock Position in Roku, Inc. (NASDAQ:ROKU)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 16.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 95,437 shares of the company's stock after purchasing an additional 13,799 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Roku worth $7,385,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in 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 in the last quarter. Vision Financial Markets LLC purchased a new position in Roku in the 4th quarter valued at approximately $30,000. Raelipskie Partnership purchased a new stake in shares of Roku during the third quarter worth $32,000. Game Plan Financial Advisors LLC acquired a new stake in shares of Roku in the fourth quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after purchasing an additional 491 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ROKU shares. Bank of America initiated coverage on Roku in a research note on Thursday, March 27th. They issued a "buy" rating and a $100.00 price objective for the company. JPMorgan Chase & Co. boosted 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. UBS Group raised Roku from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 target price on shares of Roku in a research note on Monday, March 24th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $86.00 price target on shares of Roku in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Roku currently has a consensus rating of "Moderate Buy" and an average price target of $96.55.

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Roku Trading Down 10.6 %

ROKU stock traded down $6.38 during trading on Friday, reaching $53.88. The stock had a trading volume of 1,720,115 shares, compared to its average volume of 3,719,923. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The firm has a fifty day moving average price of $80.17 and a 200 day moving average price of $77.50. The company has a market capitalization of $7.86 billion, a P/E ratio of -60.33 and a beta of 2.17.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. Sell-side analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Insider Activity

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the sale, the chief financial officer now directly owns 68,843 shares in the company, valued at approximately $5,163,225. The trade was a 1.43 % 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, CEO Anthony J. Wood sold 25,000 shares of the firm'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 transaction, the chief executive officer now 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,905 shares of company stock valued at $8,632,306. Company insiders own 13.98% of the company's stock.

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.