AGF Management Ltd. Makes New $15.02 Million Investment in Roku, Inc. $ROKU

AGF Management Ltd. bought a new stake in Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 150,030 shares of the company’s stock, valued at approximately $15,023,000. AGF Management Ltd. owned approximately 0.10% of Roku as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Westfuller Advisors LLC acquired a new stake in Roku during the 3rd quarter worth $30,000. Root Financial Partners LLC acquired a new position in Roku in the third quarter valued at about $33,000. Rakuten Securities Inc. increased its holdings in shares of Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after acquiring an additional 158 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Roku by 327.1% during the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock worth $40,000 after purchasing an additional 350 shares during the period. Finally, Bogart Wealth LLC lifted its holdings in shares of Roku by 234.1% during the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock valued at $41,000 after purchasing an additional 323 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Price Performance

Roku stock opened at $96.18 on Tuesday. The company’s 50-day moving average is $105.29 and its 200-day moving average is $99.13. The firm has a market capitalization of $14.21 billion, a PE ratio of -480.88 and a beta of 1.99. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $116.66.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ROKU shares. Citizens Jmp reiterated a “market outperform” rating and issued a $145.00 price target on shares of Roku in a report on Tuesday, December 2nd. Zacks Research cut Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Wall Street Zen raised Roku from a “hold” rating to a “buy” rating in a research report on Sunday, December 7th. Raymond James Financial reissued a “market perform” rating on shares of Roku in a research report on Friday, October 31st. Finally, 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. Twenty-two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.79.

Insider Activity

In other Roku news, insider Charles Collier sold 14,361 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $94.99, for a total value of $1,364,151.39. Following the transaction, the insider directly owned 200 shares in the company, valued at $18,998. The trade was a 98.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dan Jedda sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $107.44, for a total transaction of $322,320.00. Following the sale, the chief financial officer owned 90,267 shares of the company’s stock, valued at approximately $9,698,286.48. This represents a 3.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 234,790 shares of company stock valued at $24,898,519. 13.98% of the stock is owned by company insiders.

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.