SBI Securities Co. Ltd. Purchases New Position in Roku, Inc. (NASDAQ:ROKU)

SBI Securities Co. Ltd. bought a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,116 shares of the company's stock, valued at approximately $2,090,000.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Roku by 44.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,479 shares of the company's stock valued at $333,000 after purchasing an additional 1,382 shares during the period. SRS Capital Advisors Inc. raised its position in Roku by 37.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 4,651 shares of the company's stock valued at $346,000 after buying an additional 1,258 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Roku by 47.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the company's stock valued at $59,000 after buying an additional 251 shares during the last quarter. Richard W. Paul & Associates LLC lifted its stake in Roku by 1.1% in the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company's stock valued at $1,189,000 after acquiring an additional 177 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Roku by 55.8% during the 4th quarter. US Bancorp DE now owns 4,813 shares of the company's stock worth $358,000 after acquiring an additional 1,723 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of Roku in a research report on Tuesday, January 7th. Robert W. Baird raised Roku from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $70.00 to $90.00 in a report on Monday, November 18th. Wells Fargo & Company raised shares of Roku from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $74.00 to $129.00 in a research note on Friday, February 14th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $86.00 price target on shares of Roku in a research report on Thursday, February 13th. Finally, Loop Capital lifted their price objective on shares of Roku from $70.00 to $80.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Roku currently has a consensus rating of "Moderate Buy" and an average price target of $96.00.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dan Jedda sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.95, for a total transaction of $199,900.00. Following the completion of the transaction, the chief financial officer now owns 56,555 shares of the company's stock, valued at $5,652,672.25. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,221 shares of company stock worth $9,647,087. Company insiders own 13.98% of the company's stock.

Roku Trading Down 3.9 %

Shares of NASDAQ:ROKU traded down $3.25 on Monday, reaching $80.26. 2,446,312 shares of the company's stock were exchanged, compared to its average volume of 3,675,846. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The company has a fifty day moving average of $82.14 and a 200-day moving average of $76.36. The company has a market capitalization of $11.71 billion, a price-to-earnings ratio of -90.18 and a beta of 2.05.

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

Roku 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.