55,413 Shares in Roku, Inc. (NASDAQ:ROKU) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, Holdings Channel reports. The institutional investor bought 55,413 shares of the company’s stock, valued at approximately $4,119,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROKU. Gilder Gagnon Howe & Co. LLC lifted its position in Roku by 214.1% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 864,974 shares of the company’s stock worth $64,302,000 after buying an additional 589,610 shares during the last quarter. Credit Industriel ET Commercial bought a new stake in shares of Roku in the 4th quarter worth about $301,000. Integrated Wealth Concepts LLC grew its holdings in Roku by 34.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 27,986 shares of the company’s stock valued at $2,080,000 after purchasing an additional 7,096 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in Roku by 10.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock worth $168,734,000 after purchasing an additional 215,841 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Roku by 7.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 85,071 shares of the company’s stock worth $6,325,000 after purchasing an additional 5,809 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, the chief executive officer now owns 6,243 shares in the company, valued at approximately $468,225. This trade represents a 42.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now owns 68,843 shares of the company’s stock, valued at approximately $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,905 shares of company stock worth $6,560,876 in the last ninety days. Insiders own 13.98% of the company’s stock.

Roku Stock Performance

Shares of ROKU opened at $68.14 on Tuesday. The stock has a 50 day moving average price of $70.51 and a 200 day moving average price of $75.45. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of -76.56 and a beta of 2.17. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and raised their price target for the stock from $55.00 to $100.00 in a research note on Thursday, February 20th. Wells Fargo & Company lowered their target price on shares of Roku from $129.00 to $93.00 and set an “overweight” rating for the company in a research note on Monday. 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 research note on Tuesday, March 4th. FBN Securities assumed coverage on shares of Roku in a research report on Friday, March 28th. They issued an “outperform” rating and a $93.00 price objective for the company. Finally, Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $89.93.

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.