Itau Unibanco Holding S.A. Increases Stake in Roku, Inc. (NASDAQ:ROKU)

Itau Unibanco Holding S.A. grew its position in Roku, Inc. (NASDAQ:ROKU) by 95.5% during the 4th quarter, Holdings Channel reports. The fund owned 569 shares of the company’s stock after buying an additional 278 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Roku were worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Roku in the fourth quarter valued at approximately $30,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd lifted its holdings in Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after acquiring an additional 491 shares during the period. Finally, Allianz SE purchased a new stake in shares of Roku during the 4th quarter worth $39,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,333,486.34. The trade was a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of the sale, the chief accounting officer now directly owns 7,256 shares of the company’s stock, valued at $583,092.16. The trade was a 20.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,111 shares of company stock worth $6,575,362. 13.98% of the stock is currently owned by company insiders.

Roku Stock Performance

Shares of ROKU stock opened at $61.55 on Friday. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of -69.16 and a beta of 2.17. The company has a 50 day moving average price of $68.66 and a 200 day moving average price of $75.17. 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, May 1st. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company posted ($0.35) EPS. As a group, equities analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Roku from $115.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Pivotal Research decreased their price target on Roku from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday. Citizens Jmp raised Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $55.00 to $100.00 in a research report on Thursday, February 20th. Finally, UBS Group cut their price target on Roku from $90.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.46.

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.