Assenagon Asset Management S.A. Has $34.18 Million Stock Holdings in Roku, Inc. $ROKU

Assenagon Asset Management S.A. trimmed its position in Roku, Inc. (NASDAQ:ROKU) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,367 shares of the company’s stock after selling 5,182 shares during the period. Assenagon Asset Management S.A. owned approximately 0.23% of Roku worth $34,181,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ROKU. GAMMA Investing LLC increased its holdings in shares of Roku by 9.5% during the third quarter. GAMMA Investing LLC now owns 1,114 shares of the company’s stock valued at $112,000 after acquiring an additional 97 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Roku by 0.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company’s stock worth $1,369,000 after purchasing an additional 142 shares in the last quarter. Rakuten Securities Inc. grew its position in Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in Roku by 1.0% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company’s stock valued at $1,097,000 after purchasing an additional 160 shares in the last quarter. Finally, True Vision MN LLC increased its stake in Roku by 3.3% during the 2nd quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock valued at $487,000 after purchasing an additional 179 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 50,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $103.86, for a total value of $5,193,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charles Collier sold 118,088 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $115.00, for a total transaction of $13,580,120.00. Following the sale, the insider owned 200 shares of the company’s stock, valued at $23,000. This trade represents a 99.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 468,918 shares of company stock worth $49,840,981 over the last three months. 13.98% of the stock is owned by insiders.

Roku Trading Up 3.0%

Shares of ROKU opened at $110.87 on Friday. The stock has a 50 day moving average of $99.88 and a 200 day moving average of $93.58. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of -554.32 and a beta of 1.98. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.09. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. As a group, equities research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

ROKU has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating on shares of Roku in a report on Monday, October 27th. Jefferies Financial Group upgraded Roku from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $135.00 in a research note on Thursday, December 11th. Morgan Stanley set a $135.00 price objective on Roku and gave the stock an “overweight” rating in a report on Tuesday. Rosenblatt Securities raised their target price on Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $145.00 target price on shares of Roku in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.91.

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.