Beck Bode LLC Acquires New Position in Roku, Inc. (NASDAQ:ROKU)

Beck Bode LLC bought a new position in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 181,903 shares of the company’s stock, valued at approximately $13,523,000. Roku makes up about 2.5% of Beck Bode LLC’s holdings, making the stock its 22nd biggest position. Beck Bode LLC owned approximately 0.13% of Roku as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ROKU. Geneos Wealth Management Inc. grew its position in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of Roku in the fourth quarter worth approximately $30,000. Game Plan Financial Advisors LLC purchased a new position in shares of Roku in the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd raised its holdings in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after buying an additional 491 shares during the last quarter. Finally, Allianz SE bought a new stake in Roku during the 4th quarter valued at $39,000. 86.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,243 shares of the company’s stock, valued at $468,225. The trade was a 42.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total transaction of $561,913.25. Following the completion of the sale, the insider now owns 7,380 shares in the company, valued at $577,485. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,111 shares of company stock valued at $6,575,362. 13.98% of the stock is owned by insiders.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $61.55 on Friday. The company has a market cap of $8.98 billion, a PE ratio of -69.16 and a beta of 2.06. The firm’s 50 day moving average price is $68.66 and its 200-day moving average price is $75.16. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted ($0.35) EPS. The company’s revenue was up 15.8% compared to the same quarter last year. On average, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered 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. Citigroup reaffirmed an “outperform” rating on shares of Roku in a research report on Thursday, April 24th. Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of Roku in a research report on Friday. Evercore ISI decreased their target price on Roku from $105.00 to $80.00 and set an “in-line” rating for the company in a report on Friday. Finally, Bank of America assumed coverage on shares of Roku in a report on Thursday, March 27th. They issued a “buy” rating and a $100.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.