Fox Run Management L.L.C. Purchases New Holdings in Roku, Inc. $ROKU

Fox Run Management L.L.C. purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 13,567 shares of the company’s stock, valued at approximately $1,472,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares during the period. Aventura Private Wealth LLC bought a new position in Roku during the fourth quarter valued at about $26,000. WPG Advisers LLC bought a new position in Roku during the fourth quarter valued at about $31,000. Rakuten Securities Inc. increased its stake in Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares during the period. Finally, National Bank of Canada FI bought a new position in Roku during the third quarter valued at about $51,000. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities upped their price objective on Roku from $118.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Piper Sandler reiterated an “overweight” rating on shares of Roku in a research note on Friday. Benchmark upped their price objective on Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Robert W. Baird upped their price objective on Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Wedbush upped their price objective on Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Twenty-two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.29.

Roku Trading Up 1.1%

ROKU stock opened at $123.57 on Tuesday. Roku, Inc. has a 1-year low of $73.91 and a 1-year high of $133.46. The firm has a market cap of $18.22 billion, a P/E ratio of 92.91 and a beta of 2.06. The business’s 50 day moving average is $116.01 and its 200-day moving average is $105.41.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The company’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.19) EPS. Sell-side analysts forecast that Roku, Inc. will post 2.41 EPS for the current year.

Insiders Place Their Bets

In other news, insider Charles Collier sold 205,821 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total value of $21,611,205.00. Following the transaction, the insider directly owned 11,131 shares of the company’s stock, valued at $1,168,755. The trade was a 94.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $128.79, for a total value of $9,659,250.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 667,168 shares of company stock valued at $75,218,573 over the last quarter. 13.45% of the stock is owned by insiders.

About Roku

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.