Roku, Inc. (NASDAQ:ROKU) Stake Increased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 127.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,289 shares of the company's stock after acquiring an additional 17,550 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Roku were worth $2,326,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock worth $47,000 after purchasing an additional 121 shares during the last quarter. True Vision MN LLC raised its position in Roku by 3.1% during the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company's stock worth $375,000 after buying an additional 152 shares during the last quarter. Richard W. Paul & Associates LLC lifted its stake in shares of Roku by 1.1% in the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company's stock worth $1,189,000 after acquiring an additional 177 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Roku by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company's stock valued at $287,000 after acquiring an additional 191 shares in the last quarter. Finally, PFG Investments LLC increased its stake in shares of Roku by 4.9% during the fourth quarter. PFG Investments LLC now owns 4,361 shares of the company's stock worth $324,000 after acquiring an additional 204 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Roku Stock Down 4.7 %

Shares of ROKU stock traded down $3.56 on Friday, reaching $72.49. 3,047,296 shares of the stock were exchanged, compared to its average volume of 3,712,395. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The stock has a market cap of $10.58 billion, a P/E ratio of -81.45 and a beta of 2.12. The firm has a 50 day moving average of $81.10 and a two-hundred day moving average of $77.67.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the topic of a number of analyst reports. JMP Securities lifted their price objective on Roku from $95.00 to $115.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. FBN Securities began coverage on Roku in a research note on Friday. They issued an "outperform" rating and a $93.00 price target on the stock. Pivotal Research upgraded Roku from a "hold" rating to a "buy" rating and increased their price objective for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.55.

Insider Activity at Roku

In other news, 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 transaction of $77,180.00. Following the transaction, the chief financial officer now directly owns 63,555 shares of the company's stock, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,116,936.26. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 97,908 shares of company stock worth $8,633,436. Corporate insiders own 13.98% of the company's stock.

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.