Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,267 shares of the company’s stock after buying an additional 597 shares during the period. Concurrent Investment Advisors LLC’s holdings in Roku were worth $317,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. GS Investments Inc. raised its position in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares during the period. PFG Investments LLC lifted its position in shares of Roku by 3.7% in the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock worth $310,000 after buying an additional 150 shares during the last quarter. True Vision MN LLC boosted its position in Roku by 3.1% during the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares during the period. CIBC Asset Management Inc grew its stake in Roku by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock valued at $287,000 after buying an additional 191 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Roku by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after purchasing an additional 202 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROKU has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Rosenblatt Securities restated a “neutral” rating and issued a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. UBS Group boosted their price objective on shares of Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Citigroup upped their price objective on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

Roku Trading Down 6.0 %

NASDAQ:ROKU opened at $85.76 on Wednesday. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of -96.36 and a beta of 2.05. The stock has a 50-day moving average price of $81.88 and a two-hundred day moving average price of $75.77. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU) last posted 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. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the sale, the chief financial officer now owns 64,555 shares in the company, valued at approximately $5,340,635.15. The trade was a 1.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 109,421 shares of company stock worth $9,660,786 over the last ninety days. Company insiders own 13.98% of the company’s stock.

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.