Private Advisor Group LLC Has $1.76 Million Stake in Roku, Inc. (NASDAQ:ROKU)

Private Advisor Group LLC raised its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,679 shares of the company's stock after acquiring an additional 5,332 shares during the quarter. Private Advisor Group LLC's holdings in Roku were worth $1,760,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Raelipskie Partnership purchased a new position in shares of Roku in the third quarter valued at $32,000. Game Plan Financial Advisors LLC purchased a new position in shares of Roku in the fourth quarter valued at $37,000. GS Investments Inc. raised its stake in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company's stock worth $44,000 after buying an additional 147 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of Roku by 52.8% in the 4th quarter. Allworth Financial LP now owns 634 shares of the company's stock worth $50,000 after buying an additional 219 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Up 2.5 %

Roku stock traded up $2.02 during trading hours on Friday, hitting $83.51. The stock had a trading volume of 3,053,372 shares, compared to its average volume of 3,707,244. The company has a market cap of $12.19 billion, a PE ratio of -93.83 and a beta of 2.05. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The company has a 50-day moving average of $82.14 and a two-hundred day moving average of $76.22.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. As a group, analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm'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 transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,193,100.32. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $77,180.00. Following the transaction, the chief financial officer now owns 63,555 shares of the company's stock, valued at $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,432 shares of company stock valued at $9,661,783 in the last three months. 13.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ROKU has been the subject of several research reports. JMP Securities lifted their price objective on Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price target on Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Benchmark increased their price objective on Roku from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and boosted their target price for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. Finally, Bank of America raised their price target on shares of Roku from $90.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $96.00.

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.