Fox Run Management L.L.C. Has $1.34 Million Holdings in Roku, Inc. (NASDAQ:ROKU)

Fox Run Management L.L.C. raised its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 42.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,010 shares of the company’s stock after acquiring an additional 5,331 shares during the quarter. Fox Run Management L.L.C.’s holdings in Roku were worth $1,339,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted 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 buying an additional 270 shares during the period. Vision Financial Markets LLC acquired a new position in Roku in the 4th quarter worth about $30,000. Raelipskie Partnership purchased a new stake in shares of Roku during the 3rd quarter worth about $32,000. Game Plan Financial Advisors LLC acquired a new stake in shares of Roku during the 4th quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd grew its stake 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 valued at $37,000 after buying an additional 491 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Activity

In related news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares of the company’s stock, valued at $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,908 shares of company stock valued at $8,633,436. Company insiders own 13.98% of the company’s stock.

Roku Stock Up 6.1 %

Shares of NASDAQ ROKU opened at $78.29 on Friday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm’s 50-day simple moving average is $80.89 and its 200 day simple moving average is $77.14. The company has a market cap of $11.43 billion, a price-to-earnings ratio of -87.97 and a beta of 2.12.

Roku (NASDAQ:ROKU) last announced its 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 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%. On average, equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of analyst reports. JMP Securities lifted their target price on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Rosenblatt Securities restated a “neutral” rating and set a $86.00 price target on shares of Roku in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. 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. Finally, 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 report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $96.71.

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.