BI Asset Management Fondsmaeglerselskab A S Buys 20,623 Shares of Roku, Inc. (NASDAQ:ROKU)

BI Asset Management Fondsmaeglerselskab A S boosted its position in Roku, Inc. (NASDAQ:ROKU) by 278.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,041 shares of the company’s stock after purchasing an additional 20,623 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Roku were worth $2,085,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of Roku in the fourth quarter valued at approximately $30,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Roku during the 4th quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd boosted its holdings in Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after buying an additional 491 shares during the period. Finally, Allianz SE purchased a new position in Roku in the 4th quarter valued at approximately $39,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $2,510,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,664,415.20. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now owns 68,843 shares in the company, valued at $5,163,225. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,905 shares of company stock worth $6,560,876. Company insiders own 13.98% of the company’s stock.

Roku Price Performance

ROKU opened at $59.17 on Tuesday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The stock’s 50 day simple moving average is $73.56 and its 200 day simple moving average is $75.92. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of -66.48 and a beta of 2.17.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ROKU shares. FBN Securities started coverage on Roku in a research report on Friday, March 28th. They set an “outperform” rating and a $93.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Compass Point assumed coverage on Roku in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. Citigroup upgraded Roku from a “neutral” rating to an “outperform” rating in a research report on Sunday, March 23rd. Finally, Moffett Nathanson raised shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target on the stock in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.11.

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.