Mitsubishi UFJ Asset Management Co. Ltd. Purchases 13,799 Shares of Roku, Inc. (NASDAQ:ROKU)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Roku, Inc. (NASDAQ:ROKU) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,437 shares of the company’s stock after acquiring an additional 13,799 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of Roku worth $7,385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Entropy Technologies LP raised its position in shares of Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after purchasing an additional 18,520 shares during the last quarter. Holocene Advisors LP acquired a new position in Roku during the 3rd quarter valued at approximately $129,015,000. National Bank of Canada FI raised its holdings in shares of Roku by 11,626.3% in the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after buying an additional 149,514 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 worth $73,661,000 after buying an additional 34,898 shares during the period. Finally, Achmea Investment Management B.V. grew its holdings in shares of Roku by 146.4% during the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company’s stock valued at $756,000 after buying an additional 6,042 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Price Performance

Roku stock opened at $70.44 on Tuesday. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The stock has a market capitalization of $10.28 billion, a PE ratio of -79.15 and a beta of 2.12. The business has a 50 day simple moving average of $80.99 and a 200-day simple moving average of $77.70.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, equities research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Citigroup upgraded Roku from a “neutral” rating to an “outperform” rating in a research report on Sunday, March 23rd. JMP Securities raised their price target on shares of Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. FBN Securities initiated coverage on shares of Roku in a report on Friday. They issued an “outperform” rating and a $93.00 price objective on the stock. Finally, Loop Capital raised their target price on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.55.

Insider Activity at Roku

In related news, insider Charles Collier sold 7,181 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the transaction, the insider now directly owns 7,380 shares of the company’s stock, valued at approximately $577,485. This represents a 49.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,908 shares of company stock valued at $8,633,436. 13.98% of the stock is owned by corporate insiders.

About Roku

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.