Xponance Inc. Buys 1,783 Shares of Roku, Inc. (NASDAQ:ROKU)

Xponance Inc. raised its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 14.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,036 shares of the company’s stock after purchasing an additional 1,783 shares during the quarter. Xponance Inc.’s holdings in Roku were worth $1,043,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ROKU. Farther Finance Advisors LLC increased its stake in Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after acquiring an additional 121 shares during the period. True Vision MN LLC grew its holdings in shares of Roku by 3.1% during the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares in the last quarter. Richard W. Paul & Associates LLC increased its position in shares of Roku by 1.1% during the fourth quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock valued at $1,189,000 after purchasing an additional 177 shares during the period. CIBC Asset Management Inc lifted its position in Roku by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock worth $287,000 after purchasing an additional 191 shares during the period. Finally, PFG Investments LLC boosted its stake in Roku by 4.9% during the fourth quarter. PFG Investments LLC now owns 4,361 shares of the company’s stock worth $324,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

ROKU has been the subject of a number of analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $86.00 price objective on shares of Roku in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $70.00 price objective on the stock in a research note on Tuesday, March 4th. Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and raised their target price for the stock from $55.00 to $100.00 in a research report on Thursday, February 20th. Finally, JMP Securities upped their price target on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.71.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now owns 68,843 shares in the company, valued at approximately $5,163,225. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $2,510,000.00. Following the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,664,415.20. 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 90 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 ROKU opened at $78.29 on Monday. The stock’s fifty day simple moving average is $80.89 and its 200-day simple moving average is $77.32. The firm has a market capitalization of $11.43 billion, a PE ratio of -87.97 and a beta of 2.12. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (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%. Analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

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.