EULAV Asset Management Lowers Holdings in Roku, Inc. (NASDAQ:ROKU)

EULAV Asset Management trimmed its position in shares of Roku, Inc. (NASDAQ:ROKU) by 35.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 118,000 shares of the company’s stock after selling 65,000 shares during the period. EULAV Asset Management’s holdings in Roku were worth $8,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Roku during the third quarter valued at approximately $43,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Roku by 900.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,000 shares of the company’s stock valued at $75,000 after acquiring an additional 900 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in Roku by 43.3% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,739 shares of the company’s stock valued at $1,026,000 after purchasing an additional 4,151 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Roku in the 3rd quarter worth $212,000. Finally, Richard W. Paul & Associates LLC raised its stake in shares of Roku by 27.3% in the third quarter. Richard W. Paul & Associates LLC now owns 15,820 shares of the company’s stock worth $1,181,000 after purchasing an additional 3,395 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $70.00 to $90.00 in a research report on Monday, November 18th. Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Roku in a research note on Wednesday, January 8th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Roku in a research report on Tuesday, January 7th. Loop Capital lifted their target price on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, UBS Group began coverage on Roku in a report on Friday, November 22nd. They set a “neutral” rating and a $73.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Roku Trading Up 4.8 %

Shares of ROKU stock opened at $85.00 on Friday. The stock has a fifty day simple moving average of $79.52 and a two-hundred day simple moving average of $72.48. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $99.80.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the sale, the chief financial officer now owns 63,555 shares of the company’s stock, valued at $4,905,174.90. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the transaction, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,885 shares of company stock worth $5,712,912 in the last three months. 13.98% of the stock is owned by company insiders.

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.