Versor Investments LP Boosts Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Versor Investments LP boosted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 72.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,574 shares of the company’s stock after buying an additional 5,681 shares during the period. Versor Investments LP’s holdings in Roku were worth $1,009,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. FMR LLC grew its position in shares of Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after purchasing an additional 244,793 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Roku in the third quarter valued at approximately $129,015,000. Westfield Capital Management Co. LP grew its position in shares of Roku by 126.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after purchasing an additional 856,401 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Roku by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock valued at $71,373,000 after purchasing an additional 30,038 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Roku by 352.5% in the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after purchasing an additional 507,643 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Performance

Shares of ROKU stock opened at $81.49 on Friday. The stock’s 50-day moving average is $82.02 and its two-hundred day moving average is $75.84. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of -91.56 and a beta of 2.05. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping 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 return on equity of 5.34% and a negative net margin of 3.15%. As a group, research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Pivotal Research upgraded Roku from a “hold” rating to a “buy” rating and upped their price target for the company from $65.00 to $125.00 in a research report on Friday, February 14th. Moffett Nathanson cut Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a report on Friday, January 10th. JPMorgan Chase & Co. upped their price target on Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. UBS Group upped their price target on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, JMP Securities upped their price target on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.00.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares in the company, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,421 shares of company stock worth $9,660,786. Company insiders own 13.98% of the company’s stock.

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.