Caerus Investment Advisors LLC Invests $615,000 in Roku, Inc. $ROKU

Caerus Investment Advisors LLC acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,138 shares of the company’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Roku by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock worth $1,301,557,000 after acquiring an additional 322,858 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Roku by 275.5% in the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after purchasing an additional 1,897,407 shares during the last quarter. Tableaux LLC acquired a new stake in shares of Roku in the second quarter valued at approximately $1,746,000. Holocene Advisors LP lifted its position in shares of Roku by 352.3% in the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after purchasing an additional 1,285,585 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in shares of Roku by 0.4% in the third quarter. Westfield Capital Management Co. LP now owns 1,102,488 shares of the company’s stock worth $110,392,000 after purchasing an additional 4,781 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In related news, insider Gilbert Fuchsberg sold 3,250 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $95.57, for a total transaction of $310,602.50. Following the transaction, the insider directly owned 60,456 shares of the company’s stock, valued at approximately $5,777,779.92. The trade was a 5.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 75,000 shares of the stock in a transaction on Monday, January 12th. The shares were sold at an average price of $109.61, for a total value of $8,220,750.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 198,124 shares of company stock valued at $20,020,428 in the last three months. Corporate insiders own 13.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ROKU shares. Evercore reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Roku in a research report on Friday, February 13th. Piper Sandler reissued an “overweight” rating and set a $140.00 price target (up from $135.00) on shares of Roku in a research report on Friday, February 13th. Citizens Jmp restated a “market outperform” rating and set a $145.00 price objective on shares of Roku in a research note on Tuesday, December 2nd. Weiss Ratings upgraded Roku from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley set a $135.00 target price on Roku and gave the company an “overweight” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.40.

Roku Trading Up 1.2%

NASDAQ:ROKU opened at $96.30 on Wednesday. The stock has a market capitalization of $14.20 billion, a PE ratio of 168.95 and a beta of 1.98. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $116.66. The firm has a fifty day simple moving average of $97.31 and a 200 day simple moving average of $99.74.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.25. Roku had a net margin of 1.87% and a return on equity of 3.40%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the firm posted ($0.24) earnings per share. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.