Koss Olinger Consulting LLC Purchases 9,992 Shares of Roku, Inc. (NASDAQ:ROKU)

Koss Olinger Consulting LLC boosted its position in Roku, Inc. (NASDAQ:ROKU) by 20.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the company’s stock after purchasing an additional 9,992 shares during the period. Koss Olinger Consulting LLC’s holdings in Roku were worth $4,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ROKU. Entropy Technologies LP grew its holdings in shares of Roku by 264.4% in the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after purchasing an additional 18,520 shares during the last quarter. Holocene Advisors LP purchased a new stake in Roku in the 3rd quarter valued at about $129,015,000. National Bank of Canada FI grew its stake in Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after acquiring an additional 149,514 shares in the last quarter. EULAV Asset Management increased its position 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 acquiring an additional 68,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Roku by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock valued at $73,661,000 after acquiring an additional 34,898 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $67.36 on Wednesday. The business’s 50-day moving average is $81.31 and its 200 day moving average is $77.12. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The firm has a market capitalization of $9.83 billion, a P/E ratio of -75.69 and a beta of 2.12.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data 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 firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Matthew C. Banks sold 1,906 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the transaction, the chief accounting officer now directly owns 7,256 shares of the company’s stock, valued at $583,092.16. This represents a 20.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company’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 transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,308 shares of company stock valued at $8,213,436. Insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROKU. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. Wells Fargo & Company raised Roku from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Roku in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective 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. Finally, Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.71.

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.