DnB Asset Management AS Purchases 495 Shares of Roku, Inc. (NASDAQ:ROKU)

DnB Asset Management AS grew its position in shares of Roku, Inc. (NASDAQ:ROKU) by 2.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,204 shares of the company’s stock after buying an additional 495 shares during the quarter. DnB Asset Management AS’s holdings in Roku were worth $1,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROKU. Point72 Asset Management L.P. increased its position in shares of Roku by 352.5% during the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after acquiring an additional 507,643 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Roku by 164.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 506,351 shares of the company’s stock valued at $37,642,000 after purchasing an additional 314,931 shares during the last quarter. Readystate Asset Management LP bought a new stake in shares of Roku during the 3rd quarter worth $16,006,000. Vanguard Group Inc. boosted its holdings in shares of Roku by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock worth $910,597,000 after buying an additional 185,676 shares during the last quarter. Finally, National Bank of Canada FI grew its position in Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after buying an additional 149,514 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares in the company, valued at $4,905,174.90. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,908 shares of company stock worth $8,633,436. Corporate insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on ROKU shares. Moffett Nathanson raised shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 price objective on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $129.00 in a research note on Friday, February 14th. Citizens Jmp raised Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. FBN Securities started coverage on Roku in a research report on Friday, March 28th. They set an “outperform” rating and a $93.00 price target on the stock. Finally, Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.55.

Roku Trading Up 0.2 %

Shares of ROKU opened at $70.60 on Wednesday. The stock has a 50-day moving average price of $80.80 and a 200-day moving average price of $77.67. The company has a market cap of $10.30 billion, a PE ratio of -79.33 and a beta of 2.12. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

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

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.