Mitsubishi UFJ Trust & Banking Corp Acquires 12,893 Shares of Roku, Inc. (NASDAQ:ROKU)

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,315 shares of the company's stock after acquiring an additional 12,893 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Roku were worth $5,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after purchasing an additional 270 shares during the period. Vision Financial Markets LLC acquired a new stake in shares of Roku during the 4th quarter worth approximately $30,000. Raelipskie Partnership bought a new stake in shares of Roku in the 3rd quarter valued at $32,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku during the 4th quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after acquiring an additional 491 shares in the last quarter. Institutional investors own 86.30% of the company's stock.

Roku Stock Performance

NASDAQ ROKU traded down $10.38 during trading hours on Thursday, hitting $61.04. The company had a trading volume of 2,243,608 shares, compared to its average volume of 3,703,181. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of -68.58 and a beta of 2.17. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The firm has a 50 day simple moving average of $80.64 and a 200 day simple moving average of $77.62.

Remove Ads

Roku (NASDAQ:ROKU - Get Free Report) last released 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 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, research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Activity

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the sale, the chief executive officer now owns 6,243 shares in the company, valued at approximately $468,225. This trade represents a 42.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock worth $8,632,306 in the last three months. Corporate insiders own 13.98% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ROKU. Jefferies Financial Group upgraded shares of Roku from an "underperform" rating to a "hold" rating and upped their price objective for the company from $55.00 to $100.00 in a report on Thursday, February 20th. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. Moffett Nathanson raised Roku from a "sell" rating to a "neutral" rating and set a $70.00 price objective for the company in a research note on Tuesday, March 4th. Pivotal Research raised Roku from a "hold" rating to a "buy" rating and upped their target price for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. Finally, Citigroup upgraded Roku from a "neutral" rating to an "outperform" rating in a report on Sunday, March 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roku has a consensus rating of "Moderate Buy" and a consensus price target of $96.55.

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.