Rhumbline Advisers Purchases 3,795 Shares of Roku, Inc. (NASDAQ:ROKU)

Rhumbline Advisers lifted its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 141,348 shares of the company's stock after purchasing an additional 3,795 shares during the quarter. Rhumbline Advisers owned about 0.10% of Roku worth $10,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROKU. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Roku during the 4th quarter worth about $233,000. Van ECK Associates Corp purchased a new stake in shares of Roku during the 4th quarter worth approximately $675,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Roku by 53.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,393 shares of the company's stock valued at $253,000 after purchasing an additional 1,186 shares in the last quarter. Summit Trail Advisors LLC increased its position in Roku by 57.7% during the 4th quarter. Summit Trail Advisors LLC now owns 7,509 shares of the company's stock worth $558,000 after purchasing an additional 2,748 shares in the last quarter. Finally, Entropy Technologies LP boosted its holdings in shares of Roku by 264.4% during the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock worth $1,898,000 after purchasing an additional 18,520 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. The trade was a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the sale, the chief financial officer now owns 64,555 shares in the company, valued at approximately $5,340,635.15. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,421 shares of company stock valued at $9,660,786. 13.98% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on ROKU shares. Wells Fargo & Company raised Roku from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $74.00 to $129.00 in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Roku in a report on Tuesday, January 7th. Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. Benchmark upped their target price on Roku from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Macquarie reissued an "outperform" rating and issued a $90.00 target price on shares of Roku in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Roku has a consensus rating of "Moderate Buy" and an average price target of $96.00.

Roku Stock Performance

Shares of NASDAQ ROKU traded down $4.08 during midday trading on Thursday, hitting $81.49. 2,829,696 shares of the stock traded hands, compared to its average volume of 3,724,411. The firm has a 50-day moving average of $82.02 and a two-hundred day moving average of $75.84. The firm has a market capitalization of $11.89 billion, a P/E ratio of -91.56 and a beta of 2.05. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.44) by $0.20. The company 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%. Equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

About Roku

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.