International Assets Investment Management LLC Buys 131,299 Shares of Roku, Inc. (NASDAQ:ROKU)

International Assets Investment Management LLC grew its position in Roku, Inc. (NASDAQ:ROKU) by 13,592.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,265 shares of the company’s stock after purchasing an additional 131,299 shares during the period. International Assets Investment Management LLC’s holdings in Roku were worth $12,123,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ROKU. Vanguard Group Inc. boosted its position in Roku by 0.7% in the third quarter. Vanguard Group Inc. now owns 11,473,538 shares of the company’s stock valued at $809,917,000 after buying an additional 78,185 shares in the last quarter. FMR LLC grew its position in 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 during the last quarter. Wellington Management Group LLP increased its holdings in Roku by 34.6% during 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in Roku by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 836,199 shares of the company’s stock valued at $59,027,000 after purchasing an additional 22,052 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Roku in the third quarter worth $55,182,000. Institutional investors own 86.30% of the company’s stock.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 12th. The stock was 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 owns 141,221 shares in the company, valued at approximately $13,930,039.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles Collier sold 12,277 shares of Roku stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total value of $798,741.62. Following the completion of the sale, the insider now directly owns 4,292 shares in the company, valued at approximately $279,237.52. The disclosure for this sale can be found here. In the last three months, insiders sold 54,751 shares of company stock worth $4,375,835. 13.63% of the stock is owned by company insiders.

Roku Stock Down 1.4 %

Shares of NASDAQ ROKU opened at $59.11 on Monday. Roku, Inc. has a twelve month low of $51.62 and a twelve month high of $108.84. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of -14.81 and a beta of 1.69. The company’s fifty day moving average is $62.07 and its 200-day moving average is $78.31.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same period in the previous year, the company posted ($1.38) earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, research analysts anticipate that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of research reports. Piper Sandler restated a “neutral” rating and issued a $65.00 target price (down from $81.00) on shares of Roku in a research note on Friday, April 26th. Benchmark dropped their target price on shares of Roku from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Wedbush decreased their price target on shares of Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Citigroup dropped their price objective on shares of Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Finally, Susquehanna decreased their price objective on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.50.

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.