1,242 Shares in Roku, Inc. (NASDAQ:ROKU) Purchased by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,242 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds have also made changes to their positions in ROKU. Verity Asset Management Inc. increased its position in Roku by 14.2% in the 4th quarter. Verity Asset Management Inc. now owns 17,303 shares of the company’s stock valued at $1,286,000 after acquiring an additional 2,157 shares in the last quarter. abrdn plc increased its position in Roku by 12.0% in the 4th quarter. abrdn plc now owns 3,881 shares of the company’s stock valued at $289,000 after acquiring an additional 417 shares in the last quarter. S.A. Mason LLC acquired a new stake in Roku in the 4th quarter valued at about $365,000. Tokio Marine Asset Management Co. Ltd. increased its position in Roku by 22.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,655 shares of the company’s stock valued at $420,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Roku by 56.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 130,985 shares of the company’s stock valued at $9,737,000 after acquiring an additional 47,006 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ROKU shares. Loop Capital raised their price objective on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on shares of Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Moffett Nathanson cut shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a research report on Friday, January 10th. Finally, Macquarie reiterated an “outperform” rating and set a $90.00 price target on shares of Roku in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.18.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,193,100.32. This trade represents a 48.51 % 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, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the sale, the chief accounting officer now owns 7,264 shares in the company, valued at $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,885 shares of company stock worth $5,712,912 over the last ninety days. Insiders own 13.98% of the company’s stock.

Roku Trading Down 0.7 %

NASDAQ ROKU opened at $81.08 on Friday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $99.80. The firm’s 50 day moving average is $79.25 and its 200-day moving average is $72.42.

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.