Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Jump Financial LLC

Jump Financial LLC boosted its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 583.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,383 shares of the company's stock after buying an additional 102,765 shares during the period. Jump Financial LLC owned 0.08% of Roku worth $8,949,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MML Investors Services LLC boosted its holdings in Roku by 9.8% in the third quarter. MML Investors Services LLC now owns 10,592 shares of the company's stock valued at $791,000 after acquiring an additional 948 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Roku by 19.1% in the 3rd quarter. M&T Bank Corp now owns 7,024 shares of the company's stock valued at $525,000 after purchasing an additional 1,126 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Roku by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 82,170 shares of the company's stock worth $6,275,000 after purchasing an additional 10,416 shares during the period. Everence Capital Management Inc. acquired a new stake in Roku during the 4th quarter worth approximately $350,000. Finally, Oak Thistle LLC purchased a new position in Roku in the fourth quarter valued at approximately $823,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares of the company's stock, valued at $468,225. The trade was a 42.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dan Jedda sold 5,000 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the sale, the chief financial officer now directly owns 58,555 shares of the company's stock, valued at $5,878,922. The trade was a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,905 shares of company stock valued at $6,560,876. Company insiders own 13.98% of the company's stock.

Wall Street Analysts Forecast Growth

ROKU has been the subject of several recent research reports. Rosenblatt Securities reissued a "neutral" rating and issued a $86.00 price objective on shares of Roku in a research report on Thursday, February 13th. Citizens Jmp upgraded Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. Benchmark raised their target price on Roku from $100.00 to $130.00 and gave the company a "buy" rating in a report on Friday, February 14th. Compass Point assumed coverage on shares of Roku in a research note on Sunday, March 23rd. They set a "buy" rating on the stock. Finally, Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and raised their price target for the company from $55.00 to $100.00 in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $94.11.

Roku Stock Performance

Shares of Roku stock traded up $0.06 during trading on Friday, hitting $58.46. 2,568,091 shares of the stock were exchanged, compared to its average volume of 3,798,898. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The stock's fifty day moving average is $74.56 and its 200 day moving average is $76.13. The stock has a market cap of $8.53 billion, a PE ratio of -65.69 and a beta of 2.17.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.15 billion. Sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS 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.