10,299 Shares in Roku, Inc. (NASDAQ:ROKU) Bought by StoneX Group Inc.

StoneX Group Inc. acquired a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,299 shares of the company's stock, valued at approximately $766,000.

Several other large investors also recently modified their holdings of ROKU. Point72 Asset Management L.P. boosted its stake in Roku by 352.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock valued at $48,653,000 after purchasing an additional 507,643 shares during the period. Jupiter Asset Management Ltd. boosted its position in shares of Roku by 164.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 506,351 shares of the company's stock valued at $37,642,000 after acquiring an additional 314,931 shares during the period. Readystate Asset Management LP bought a new stake in shares of Roku in the third quarter valued at about $16,006,000. Vanguard Group Inc. grew its stake in shares of Roku by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock valued at $910,597,000 after acquiring an additional 185,676 shares in the last quarter. Finally, National Bank of Canada FI increased its position in Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock worth $11,259,000 after acquiring an additional 149,514 shares during the period. 86.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ROKU shares. FBN Securities began coverage on shares of Roku in a report on Friday, March 28th. They issued an "outperform" rating and a $93.00 price objective for the company. Loop Capital increased their price target on Roku from $70.00 to $80.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Benchmark lifted their price objective on Roku from $100.00 to $130.00 and gave the company a "buy" rating in a report on Friday, February 14th. 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 report on Friday, February 14th. Finally, Citizens Jmp upgraded Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $96.55.

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Roku Stock Down 15.6 %

ROKU traded down $11.16 during midday trading on Thursday, hitting $60.26. 7,715,576 shares of the company were exchanged, compared to its average volume of 3,727,018. The firm's 50 day moving average price is $80.64 and its 200-day moving average price is $77.62. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The firm has a market capitalization of $8.79 billion, a P/E ratio of -67.71 and a beta of 2.17.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping 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 analyst estimates of $1.15 billion. On average, sell-side analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $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 hyperlink. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the sale, the chief accounting officer now owns 7,256 shares of the company's stock, valued at approximately $583,092.16. The trade was a 20.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,905 shares of company stock worth $8,632,306. Company insiders own 13.98% of the company's stock.

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.