Integrated Wealth Concepts LLC Buys 7,096 Shares of Roku, Inc. (NASDAQ:ROKU)

Integrated Wealth Concepts LLC grew its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 34.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,986 shares of the company's stock after acquiring an additional 7,096 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Roku were worth $2,080,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ROKU. FMR LLC lifted its stake in Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after purchasing an additional 4,613,570 shares during the period. Vanguard Group Inc. raised its holdings in shares of Roku by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock worth $910,597,000 after buying an additional 185,676 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Roku by 663.9% during the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after buying an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Roku by 10.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock valued at $168,734,000 after buying an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock valued at $159,353,000 after acquiring an additional 56,820 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Insider Activity at Roku

In other Roku news, CFO Dan Jedda sold 5,000 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $502,000.00. Following the transaction, the chief financial officer now directly owns 58,555 shares in the company, valued at $5,878,922. The trade was a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at $2,333,486.34. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,905 shares of company stock worth $6,560,876. Insiders own 13.98% of the company's stock.

Roku Trading Up 1.7 %

Shares of Roku stock traded up $1.14 during trading hours on Tuesday, reaching $69.28. 3,819,814 shares of the company's stock were exchanged, compared to its average volume of 3,695,513. The company has a 50 day moving average of $70.51 and a two-hundred day moving average of $75.45. The stock has a market cap of $10.11 billion, a P/E ratio of -77.84 and a beta of 2.17. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates 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, analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ROKU has been the topic of several recent analyst reports. Piper Sandler initiated coverage on shares of Roku in a research note on Thursday, April 17th. They issued a "neutral" rating and a $65.00 target price on the stock. Wedbush decreased their price objective on shares of Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday. Redburn Atlantic upgraded shares of Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Monday, April 7th. Citizens Jmp upgraded Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $86.00 price target on shares of Roku in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Roku currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.93.

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.