Y Intercept Hong Kong Ltd Purchases Shares of 15,379 Roku, Inc. (NASDAQ:ROKU)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,379 shares of the company's stock, valued at approximately $1,143,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Entropy Technologies LP increased its holdings in shares of Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock valued at $1,898,000 after purchasing an additional 18,520 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Roku during the third quarter worth $129,015,000. National Bank of Canada FI grew its holdings in shares of 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 buying an additional 149,514 shares in the last quarter. EULAV Asset Management grew its holdings in shares of Roku by 59.1% during the third quarter. EULAV Asset Management now owns 183,000 shares of the company's stock worth $13,663,000 after buying an additional 68,000 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Roku by 8,030.0% during the 3rd quarter. International Assets Investment Management LLC now owns 108,780 shares of the company's stock valued at $8,122,000 after acquiring an additional 107,442 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares of the company's stock, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the sale, the chief financial officer now directly owns 63,555 shares of the company's stock, valued at approximately $4,905,174.90. This trade represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,432 shares of company stock valued at $9,661,783. 13.98% of the stock is currently owned by company insiders.

Roku Price Performance

Shares of ROKU stock traded up $2.02 during trading hours on Friday, reaching $83.51. 3,053,372 shares of the stock were exchanged, compared to its average volume of 3,707,244. The firm has a market capitalization of $12.19 billion, a P/E ratio of -93.83 and a beta of 2.05. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The business's fifty day moving average is $82.14 and its two-hundred day moving average is $76.22.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. As a group, equities research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROKU. Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and boosted their price target for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $100.00 price target on shares of Roku in a research report on Tuesday, January 7th. Robert W. Baird raised shares of Roku from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $70.00 to $90.00 in a research report on Monday, November 18th. UBS Group boosted their price target on shares of Roku from $73.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Finally, Pivotal Research raised shares of Roku from a "hold" rating to a "buy" rating and boosted their price target for the company from $65.00 to $125.00 in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.00.

About Roku

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.