Hyperion Asset Management Ltd Has $27.86 Million Position in Roku, Inc. (NASDAQ:ROKU)

Hyperion Asset Management Ltd lowered its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 374,793 shares of the company’s stock after selling 5,483 shares during the period. Roku makes up 0.9% of Hyperion Asset Management Ltd’s investment portfolio, making the stock its 19th biggest holding. Hyperion Asset Management Ltd owned about 0.26% of Roku worth $27,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ROKU. FMR LLC grew its position in Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company’s stock valued at $1,426,134,000 after buying an additional 4,613,570 shares during the period. Marshall Wace LLP lifted its position in shares of Roku by 663.9% during the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock valued at $173,644,000 after buying an additional 2,030,036 shares during the last quarter. Cadian Capital Management LP bought a new position in shares of Roku during the 4th quarter worth $87,632,000. Gilder Gagnon Howe & Co. LLC increased its holdings in Roku by 214.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 864,974 shares of the company’s stock worth $64,302,000 after acquiring an additional 589,610 shares during the last quarter. Finally, FIL Ltd purchased a new position in shares of Roku in the fourth quarter worth about $29,559,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Stock Down 0.7 %

Shares of NASDAQ:ROKU opened at $60.93 on Friday. The company has a 50-day moving average price of $66.49 and a two-hundred day moving average price of $74.59. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The firm has a market capitalization of $8.89 billion, a PE ratio of -68.46 and a beta of 2.06.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group lowered their price target on shares of Roku from $90.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Roku in a research note on Friday, May 2nd. Evercore ISI decreased their price target on shares of Roku from $105.00 to $80.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Bank of America assumed coverage on shares of Roku in a research note on Thursday, March 27th. They set a “buy” rating and a $100.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Roku from $115.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.93.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 4,600 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. The trade was a 42.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 7,181 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 7,380 shares in the company, valued at $577,485. This trade represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,111 shares of company stock valued at $6,575,362 in the last quarter. 13.98% of the stock is owned by insiders.

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.