Roku, Inc. (NASDAQ:ROKU) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,719 shares of the company's stock after selling 12,609 shares during the period. Pictet Asset Management Holding SA's holdings in Roku were worth $3,250,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake in shares of 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 buying an additional 270 shares during the period. Vision Financial Markets LLC acquired a new stake in Roku in the fourth quarter valued at approximately $30,000. Raelipskie Partnership purchased a new position in Roku in the third quarter worth approximately $32,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after purchasing an additional 491 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ROKU shares. Loop Capital lifted their price objective on shares of Roku from $70.00 to $80.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. JMP Securities upped 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. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price objective on shares of Roku in a report on Monday, March 24th. Moffett Nathanson upgraded Roku from a "sell" rating to a "neutral" rating and set a $70.00 target price for the company in a research note on Tuesday, March 4th. Finally, FBN Securities initiated coverage on Roku in a report on Friday, March 28th. They issued an "outperform" rating and a $93.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $96.70.

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Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the transaction, the chief financial officer now owns 63,555 shares in the company, 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. In the last ninety days, insiders have sold 97,905 shares of company stock worth $8,632,306. Corporate insiders own 13.98% of the company's stock.

Roku Stock Performance

NASDAQ:ROKU traded down $2.03 during mid-day trading on Tuesday, reaching $55.10. The stock had a trading volume of 5,631,172 shares, compared to its average volume of 3,758,464. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The business has a 50 day simple moving average of $78.09 and a 200 day simple moving average of $76.95. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of -61.91 and a beta of 2.17.

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 return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.15 billion. As a group, sell-side analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Roku Company 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.