Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Jump Financial LLC

Jump Financial LLC raised its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 583.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,383 shares of the company’s stock after purchasing an additional 102,765 shares during the quarter. Jump Financial LLC’s holdings in Roku were worth $8,949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its position in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of Roku in the 4th quarter worth about $30,000. Game Plan Financial Advisors LLC acquired a new stake in shares of Roku in the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd lifted its position in shares of Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares during the last quarter. Finally, Allianz SE acquired a new position in Roku in the fourth quarter worth about $39,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $59.39 on Wednesday. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of -66.73 and a beta of 2.17. The company has a 50 day moving average price of $75.61 and a 200 day moving average price of $76.37. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping 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 company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ROKU. Pivotal Research upgraded Roku from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. Redburn Atlantic upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, April 7th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price for the company in a research note on Tuesday, March 4th. Citizens Jmp upgraded Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Roku in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and a consensus price target of $94.54.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 4,600 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares of the company’s stock, valued at approximately $468,225. This represents a 42.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares of the company’s stock, valued at approximately $583,092.16. The trade was a 20.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,905 shares of company stock valued at $6,560,876. Company insiders own 13.98% of the company’s stock.

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.