Itau Unibanco Holding S.A. Acquires 278 Shares of Roku, Inc. (NASDAQ:ROKU)

Itau Unibanco Holding S.A. boosted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 95.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 569 shares of the company’s stock after purchasing an additional 278 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Roku were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ROKU. Franklin Resources Inc. increased its holdings in Roku by 14.5% during the third quarter. Franklin Resources Inc. now owns 82,170 shares of the company’s stock valued at $6,275,000 after buying an additional 10,416 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Roku during the fourth quarter valued at approximately $350,000. Oak Thistle LLC purchased a new stake in Roku in the 4th quarter worth $823,000. Avanza Fonder AB purchased a new stake in shares of Roku during the 4th quarter worth approximately $3,499,000. Finally, O Keefe Stevens Advisory Inc. boosted its holdings in shares of Roku by 39.5% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,893 shares of the company’s stock worth $289,000 after purchasing an additional 1,102 shares during the period. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $61.55 on Friday. The stock’s 50-day simple moving average is $68.66 and its 200-day simple moving average is $75.17. The firm has a market capitalization of $8.98 billion, a PE ratio of -69.16 and a beta of 2.17. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.08. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.35) earnings per share. On average, sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $87.93, for a total value of $2,198,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at $2,333,486.34. This represents a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now owns 7,256 shares of the company’s stock, valued at approximately $583,092.16. This represents a 20.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,111 shares of company stock valued at $6,575,362. 13.98% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROKU. Citizens Jmp raised Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Wedbush reduced their price target on Roku from $125.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered their target price on shares of Roku from $115.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Loop Capital dropped their price target on Roku from $90.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Moffett Nathanson raised shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price for the company in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average price target of $89.46.

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.