2,310 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,310 shares of the company’s stock, valued at approximately $212,000.

Several other large investors have also made changes to their positions in ROKU. FMR LLC boosted its position in shares of Roku by 85.9% during the 3rd quarter. FMR LLC now owns 9,441,349 shares of the company’s stock worth $666,465,000 after acquiring an additional 4,363,754 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Roku in the 3rd quarter valued at approximately $55,182,000. Wellington Management Group LLP lifted its stake in Roku by 34.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock valued at $179,516,000 after purchasing an additional 653,940 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Roku by 814.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 270,888 shares of the company’s stock valued at $24,830,000 after purchasing an additional 241,255 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Roku by 1,910.3% in the 3rd quarter. Principal Financial Group Inc. now owns 213,757 shares of the company’s stock valued at $15,089,000 after purchasing an additional 203,124 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Trading Down 10.3 %

NASDAQ:ROKU opened at $56.35 on Friday. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of -14.12 and a beta of 1.66. The firm has a fifty day simple moving average of $62.80 and a two-hundred day simple moving average of $78.48. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.73%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the company posted ($1.38) earnings per share. Equities analysts predict that Roku, Inc. will post -2.12 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The disclosure for this sale can be found here. Insiders sold 54,545 shares of company stock worth $4,364,035 over the last three months. 13.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ROKU. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Friday, February 16th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Roku in a research note on Friday. Susquehanna increased their price objective on shares of Roku from $100.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Citigroup dropped their price target on shares of Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $89.00 price target on shares of Roku in a research note on Friday. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Roku has a consensus rating of “Hold” and a consensus target price of $83.90.

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.