Prakash Investment Advisors LLC Invests $208,000 in Roku, Inc. (NASDAQ:ROKU)

Prakash Investment Advisors LLC acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,800 shares of the company's stock, valued at approximately $208,000.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Roku by 1.7% during the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company's stock valued at $1,087,824,000 after buying an additional 244,793 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of Roku during the 3rd quarter valued at about $129,015,000. Westfield Capital Management Co. LP lifted its holdings in shares of Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company's stock valued at $114,646,000 after buying an additional 856,401 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Roku by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company's stock valued at $71,373,000 after buying an additional 30,038 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Roku by 352.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock valued at $48,653,000 after buying an additional 507,643 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Price Performance

Shares of ROKU traded down $3.93 on Friday, reaching $88.86. 3,410,446 shares of the stock traded hands, compared to its average volume of 3,766,440. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of -99.84 and a beta of 2.05. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The stock's 50-day moving average price is $81.67 and its 200-day moving average price is $74.99.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 5.34% and a negative net margin of 3.15%. As a group, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

ROKU has been the subject of several research reports. Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and lifted their price target for the company from $55.00 to $100.00 in a report on Thursday. UBS Group raised their price objective on Roku from $73.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Baird R W raised Roku from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. JMP Securities raised their price objective on Roku from $95.00 to $115.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Roku in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $96.00.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now owns 26,538 shares of the company's stock, valued at $2,193,100.32. The trade was a 48.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $77,180.00. Following the completion of the sale, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,421 shares of company stock worth $9,660,786. Company insiders own 13.98% of the company's stock.

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.