Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Roku, Inc. (NASDAQ:ROKU) by 16.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,437 shares of the company’s stock after purchasing an additional 13,799 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Roku were worth $7,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROKU. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Roku by 22.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,315 shares of the company’s stock valued at $5,302,000 after buying an additional 12,893 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Roku by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock valued at $910,597,000 after acquiring an additional 185,676 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Roku by 10.4% in the fourth quarter. LPL Financial LLC now owns 130,437 shares of the company’s stock valued at $9,697,000 after purchasing an additional 12,298 shares during the period. Fox Run Management L.L.C. increased its position in Roku by 42.0% during the fourth quarter. Fox Run Management L.L.C. now owns 18,010 shares of the company’s stock worth $1,339,000 after purchasing an additional 5,331 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Roku during the fourth quarter worth about $5,546,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the completion of the sale, the chief executive officer now owns 6,243 shares in the company, valued at $468,225. The trade was a 42.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the transaction, the chief financial officer now directly owns 63,555 shares of the company’s stock, valued at $4,905,174.90. This trade represents a 1.55 % decrease in their ownership of the stock. 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. Insiders own 13.98% of the company’s stock.

Roku Price Performance

Shares of NASDAQ ROKU opened at $70.44 on Tuesday. The company has a market cap of $10.28 billion, a price-to-earnings ratio of -79.15 and a beta of 2.12. The stock’s 50-day moving average is $80.99 and its two-hundred day moving average is $77.70. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROKU. Wells Fargo & Company upgraded shares of Roku from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $74.00 to $129.00 in a report on Friday, February 14th. Citizens Jmp upgraded Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. Loop Capital lifted their target price on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Benchmark increased their price target on Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.55.

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.