Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 362.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,253 shares of the company’s stock after buying an additional 26,057 shares during the quarter. Quantbot Technologies LP’s holdings in Roku were worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Roku during the third quarter worth $253,000. Charles Schwab Investment Management Inc. lifted its stake in Roku by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock worth $71,373,000 after purchasing an additional 30,038 shares during the last quarter. Citigroup Inc. lifted its stake in Roku by 73.0% during the third quarter. Citigroup Inc. now owns 101,529 shares of the company’s stock worth $7,580,000 after purchasing an additional 42,837 shares during the last quarter. Cerity Partners LLC lifted its stake in Roku by 11.1% during the third quarter. Cerity Partners LLC now owns 26,534 shares of the company’s stock worth $1,981,000 after purchasing an additional 2,644 shares during the last quarter. Finally, Algert Global LLC lifted its stake in Roku by 26.5% during the third quarter. Algert Global LLC now owns 69,777 shares of the company’s stock worth $5,210,000 after purchasing an additional 14,600 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ROKU shares. Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and raised their target price for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. UBS Group raised their target price on Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Bank of America raised their target price on Roku from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JMP Securities raised their target price on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Finally, Citigroup raised their target price on Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Roku has a consensus rating of “Moderate Buy” and an average price target of $96.71.

Insider Buying and Selling

In other news, insider Charles Collier sold 7,181 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the transaction, the insider now owns 7,380 shares in the company, valued at $577,485. This represents a 49.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,116,936.26. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,908 shares of company stock valued at $8,633,436. 13.98% of the stock is owned by corporate insiders.

Roku Trading Up 6.1 %

Shares of ROKU opened at $78.29 on Friday. The business’s 50-day moving average price is $80.89 and its 200 day moving average price is $77.22. The stock has a market capitalization of $11.43 billion, a P/E ratio of -87.97 and a beta of 2.12. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96.

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

About Roku

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.