Roku, Inc. (NASDAQ:ROKU) Stake Boosted by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,715 shares of the company's stock after acquiring an additional 51,172 shares during the period. Roku comprises approximately 0.7% of Vestmark Advisory Solutions Inc.'s portfolio, making the stock its 28th biggest holding. Vestmark Advisory Solutions Inc. owned about 0.20% of Roku worth $21,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ROKU. US Bancorp DE lifted its stake in shares of Roku by 15.7% in the 3rd quarter. US Bancorp DE now owns 3,090 shares of the company's stock valued at $231,000 after purchasing an additional 420 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Roku by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 8,806 shares of the company's stock worth $657,000 after buying an additional 524 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of Roku during the 3rd quarter worth about $214,000. Concurrent Investment Advisors LLC acquired a new position in shares of Roku during the 3rd quarter valued at about $274,000. Finally, Sigma Planning Corp lifted its holdings in Roku by 4.7% in the 3rd quarter. Sigma Planning Corp now owns 8,256 shares of the company's stock worth $616,000 after purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction 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 $5,340,635.15. This trade represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles Collier sold 7,181 shares of Roku stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the sale, the insider now directly owns 7,380 shares of the company's stock, valued at $577,485. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 118,308 shares of company stock valued at $10,362,166 over the last three months. Company insiders own 13.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ROKU. Moffett Nathanson upgraded Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target on the stock in a report on Tuesday. Rosenblatt Securities reiterated a "neutral" rating and issued a $86.00 target price on shares of Roku in a report on Thursday, February 13th. UBS Group upped their price target on shares of Roku from $73.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Baird R W raised Roku from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Roku currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.71.

Roku Stock Performance

ROKU opened at $85.07 on Thursday. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of -95.58 and a beta of 2.12. The firm's 50-day simple moving average is $82.19 and its 200-day simple moving average is $76.66. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data 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. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. As a group, sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.