Andra AP fonden Invests $2.09 Million in Roku, Inc. $ROKU

Andra AP fonden bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,827 shares of the company’s stock, valued at approximately $2,085,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Roku by 9.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,114 shares of the company’s stock valued at $112,000 after purchasing an additional 97 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in Roku by 3.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $273,000 after acquiring an additional 100 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Roku by 1.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after acquiring an additional 100 shares during the period. Aviance Capital Partners LLC raised its position in shares of Roku by 2.6% in the 3rd quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock worth $418,000 after acquiring an additional 106 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. lifted its stake in shares of Roku by 1.8% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 6,233 shares of the company’s stock valued at $624,000 after purchasing an additional 113 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $98.41 on Friday. The firm’s 50 day moving average price is $100.54 and its 200-day moving average price is $99.27. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $116.66. The company has a market cap of $14.51 billion, a PE ratio of 172.65 and a beta of 1.99.

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

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $109.61, for a total transaction of $8,220,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Neil D. Hunt sold 2,000 shares of Roku stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $96.48, for a total value of $192,960.00. Following the completion of the sale, the director owned 7,782 shares of the company’s stock, valued at $750,807.36. The trade was a 20.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 219,710 shares of company stock worth $22,761,608 over the last three months. Company insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Rosenblatt Securities upgraded Roku from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $106.00 to $118.00 in a report on Friday, February 13th. Arete Research set a $132.00 price target on shares of Roku and gave the stock a “buy” rating in a research note on Monday, January 5th. Benchmark reissued a “buy” rating on shares of Roku in a research report on Wednesday, February 4th. Oppenheimer upped their price objective on shares of Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Morgan Stanley set a $135.00 target price on shares of Roku and gave the company an “overweight” rating in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Roku has an average rating of “Moderate Buy” and a consensus price target of $123.96.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku rolled out 17 new free channels on The Roku Channel, expanding content selection that can boost viewer engagement and ad-revenue potential for the platform. Roku quietly rolls out a major free upgrade for users
• Positive Sentiment: Analyst/investor coverage picked up — Zacks published pieces highlighting increased investor attention and listing Roku among must-watch streaming stocks — which can attract flows and re-rate sentiment after Roku’s recent earnings beat. Roku, Inc. (ROKU) is Attracting Investor Attention
• Positive Sentiment: New original/exclusive programming (example: The Reunion: Laguna Beach premiere on The Roku Channel) supports content-led engagement and subscription/ads upside on the platform. ‘The Reunion: Laguna Beach’ Gets Premiere Date On Roku Channel
• Neutral Sentiment: Retail discounting on Roku hardware (Streambar SE, Streaming Stick 4K, Streaming Stick Plus and Roku TV deals) is widespread — this likely boosts unit sales/market share but may compress hardware margins and lower ASPs. Coverage of these price cuts appeared across Gizmodo, Kotaku, Mashable and MSN. Roku’s 2-in-1 Soundbar and Streaming Combo Hits a New Low Roku Streambar SE Falls Below Its Black Friday Price The Roku Streaming Stick 4K is back on sale at Amazon
• Negative Sentiment: A Pocket-lint piece flags a limitation with the Roku Ultra’s Ethernet port that may surprise buyers — negative product PR can dent consumer confidence and complicate hardware upsell conversations. Your Roku Ultra’s Ethernet port doesn’t do what you think

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.