Avior Wealth Management LLC Raises Position in Roku, Inc. (NASDAQ:ROKU)

Avior Wealth Management LLC increased its position in Roku, Inc. (NASDAQ:ROKU) by 11.9% in the 4th quarter, HoldingsChannel reports. The fund owned 7,180 shares of the company’s stock after purchasing an additional 762 shares during the period. Avior Wealth Management LLC’s holdings in Roku were worth $534,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ROKU. Holocene Advisors LP bought a new position in shares of Roku in the third quarter worth $129,015,000. Westfield Capital Management Co. LP lifted its holdings in Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after purchasing an additional 856,401 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Roku by 352.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock worth $48,653,000 after purchasing an additional 507,643 shares during the period. JAT Capital Mgmt LP grew its holdings in Roku by 470.2% during the 3rd quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company’s stock valued at $40,359,000 after buying an additional 445,777 shares in the last quarter. Finally, FMR LLC increased its position in shares of Roku by 1.7% during the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after buying an additional 244,793 shares during the period. Institutional investors own 86.30% of the company’s stock.

Insider Transactions at Roku

In related 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 $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles Collier sold 10,771 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the transaction, the insider now directly owns 3,790 shares in the company, valued at approximately $269,620.60. The trade was a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,095 shares of company stock worth $5,726,218. Insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ROKU. Macquarie restated an “outperform” rating and issued a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. JMP Securities began coverage on shares of Roku in a research report on Tuesday, January 21st. They set a “mkt outperform” rating and a $95.00 price target for the company. Jefferies Financial Group decreased their price target on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Finally, Bank of America upped their target price on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.18.

Roku Stock Down 3.0 %

NASDAQ ROKU opened at $81.29 on Friday. The company has a 50-day simple moving average of $77.30 and a two-hundred day simple moving average of $71.35. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $99.80. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of -67.74 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Roku’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($2.33) EPS. Equities analysts expect that Roku, Inc. will post -1.09 earnings per share for the current fiscal year.

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.