Vontobel Holding Ltd. Reduces Holdings in Roku, Inc. (NASDAQ:ROKU)

Vontobel Holding Ltd. lessened its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 85.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,947 shares of the company's stock after selling 54,685 shares during the period. Vontobel Holding Ltd.'s holdings in Roku were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ROKU. Geneos Wealth Management Inc. raised its stake in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares during the period. Raelipskie Partnership purchased a new stake in Roku in the 3rd quarter worth approximately $32,000. GS Investments Inc. lifted its holdings in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company's stock worth $44,000 after buying an additional 147 shares during the period. Venturi Wealth Management LLC lifted its holdings in Roku by 50.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 991 shares of the company's stock worth $74,000 after buying an additional 333 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Roku by 24.9% in the 4th quarter. Fifth Third Bancorp now owns 1,119 shares of the company's stock worth $83,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insider Buying and Selling at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction dated 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 directly owns 64,555 shares of the company's stock, valued at approximately $5,340,635.15. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,193,100.32. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,421 shares of company stock worth $9,660,786 over the last 90 days. Corporate insiders own 13.98% of the company's stock.

Roku Price Performance

NASDAQ:ROKU traded down $4.01 during mid-day trading on Friday, hitting $88.78. The company's stock had a trading volume of 1,958,114 shares, compared to its average volume of 3,719,032. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of -99.63 and a beta of 2.05. The business's fifty day moving average is $81.56 and its two-hundred day moving average is $74.73.

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, 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 business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ROKU. Macquarie reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. Pivotal Research raised Roku from a "hold" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $125.00 in a report on Friday, February 14th. Citizens Jmp raised Roku to a "strong-buy" rating in a report on Tuesday, January 21st. Citigroup lifted their target price on Roku from $70.00 to $103.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Robert W. Baird raised Roku from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $96.00.

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.