Andra AP fonden Has $36.47 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Andra AP fonden lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 490,600 shares of the company’s stock after acquiring an additional 24,600 shares during the period. Andra AP fonden’s holdings in Roku were worth $36,471,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. FMR LLC increased its position in shares of Roku by 1.7% during the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after acquiring an additional 244,793 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Roku during the third quarter worth $129,015,000. Westfield Capital Management Co. LP increased its position in shares of Roku by 126.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after acquiring an additional 856,401 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Roku by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock worth $73,661,000 after acquiring an additional 34,898 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Roku by 352.5% in the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after purchasing an additional 507,643 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ROKU shares. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Benchmark raised their target price on shares of Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Roku in a research report on Monday, February 10th. JMP Securities raised their target price on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Finally, Loop Capital increased their price target on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.71.

Roku Stock Down 6.4 %

Shares of Roku stock opened at $79.60 on Friday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The company has a 50-day simple moving average of $82.30 and a two-hundred day simple moving average of $76.74. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of -89.44 and a beta of 2.12.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, CFO Dan Jedda sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $502,000.00. Following the transaction, the chief financial officer now directly owns 58,555 shares of the company’s stock, valued at $5,878,922. This trade represents a 7.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were 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 approximately $577,485. This represents a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,308 shares of company stock valued at $10,362,166 in the last ninety days. 13.98% of the stock is currently owned by company insiders.

Roku 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.