Sei Investments Co. Grows Stake in Roku, Inc. (NASDAQ:ROKU)

Sei Investments Co. raised its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 152.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,645 shares of the company's stock after acquiring an additional 14,268 shares during the quarter. Sei Investments Co.'s holdings in Roku were worth $1,758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in Roku by 83.7% in the fourth quarter. American Century Companies Inc. now owns 49,593 shares of the company's stock worth $3,687,000 after purchasing an additional 22,600 shares during the period. Quantbot Technologies LP grew its position in shares of Roku by 362.1% in the 4th quarter. Quantbot Technologies LP now owns 33,253 shares of the company's stock worth $2,472,000 after buying an additional 26,057 shares during the period. Harvest Fund Management Co. Ltd grew 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 worth $37,000 after buying an additional 491 shares during the period. Koss Olinger Consulting LLC increased its stake in shares of Roku by 20.0% in the 4th quarter. Koss Olinger Consulting LLC now owns 60,000 shares of the company's stock worth $4,460,000 after acquiring an additional 9,992 shares in the last quarter. Finally, Xponance Inc. lifted its position in Roku by 14.6% during the 4th quarter. Xponance Inc. now owns 14,036 shares of the company's stock valued at $1,043,000 after acquiring an additional 1,783 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Moffett Nathanson raised shares of 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. Compass Point assumed coverage on Roku in a research report on Sunday, March 23rd. They set a "buy" rating for the company. Citigroup raised Roku from a "neutral" rating to an "outperform" rating in a report on Sunday, March 23rd. Wells Fargo & Company raised Roku from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 price target on shares of Roku in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Roku has an average rating of "Moderate Buy" and a consensus price target of $96.70.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the sale, the chief financial officer now directly owns 68,843 shares in the company, valued at approximately $5,163,225. The trade was a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,333,486.34. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,905 shares of company stock worth $8,632,306. 13.98% of the stock is owned by corporate insiders.

Roku Trading Up 15.9 %

NASDAQ ROKU traded up $8.76 on Wednesday, reaching $63.86. 9,946,313 shares of the stock were exchanged, compared to its average volume of 3,782,549. The firm has a market capitalization of $9.32 billion, a PE ratio of -71.75 and a beta of 2.17. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The company's 50-day simple moving average is $78.09 and its two-hundred day simple moving average is $76.95.

Roku (NASDAQ:ROKU - Get Free Report) last released its 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. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share 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.