Mitsubishi UFJ Trust & Banking Corp Buys 6,474 Shares of Roku, Inc. $ROKU

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Roku, Inc. (NASDAQ:ROKU) by 72.0% in the fourth quarter, HoldingsChannel reports. The firm owned 15,462 shares of the company’s stock after acquiring an additional 6,474 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Roku were worth $1,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Apollon Wealth Management LLC increased its holdings in Roku by 1.5% in the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after purchasing an additional 96 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Roku by 3.8% in the third quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $273,000 after purchasing an additional 100 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in Roku by 1.0% in the third quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after purchasing an additional 100 shares during the last quarter. Aviance Capital Partners LLC increased its holdings in Roku by 2.6% in the third quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock valued at $418,000 after purchasing an additional 106 shares during the last quarter. Finally, Lecap Asset Management Ltd. increased its holdings in Roku by 2.6% in the third quarter. Lecap Asset Management Ltd. now owns 4,905 shares of the company’s stock valued at $491,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Trading Up 2.0%

NASDAQ:ROKU opened at $126.02 on Tuesday. Roku, Inc. has a 1 year low of $58.77 and a 1 year high of $127.90. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 94.75 and a beta of 2.04. The stock has a 50-day moving average price of $100.40 and a two-hundred day moving average price of $100.88.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. Roku had a return on equity of 7.68% and a net margin of 4.06%.The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. Sell-side analysts forecast that Roku, Inc. will post 2.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ROKU shares. Zacks Research downgraded Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Bank of America boosted their target price on Roku from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Morgan Stanley reissued an “overweight” rating and issued a $150.00 target price on shares of Roku in a research note on Friday. Oppenheimer boosted their target price on Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Wells Fargo & Company boosted their target price on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Roku has an average rating of “Moderate Buy” and an average price target of $142.17.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Q1 earnings beat — Roku beat top- and bottom-line estimates; platform revenue surged and free cash flow hit a record high on strong ad and subscription growth, driving the stock higher. ROKU Shares Rise 6% on Q1 Earnings Beat, Revenues and EPS Up Y/Y
• Positive Sentiment: Product/monetization push — Roku’s new low-cost streaming service “Howdy” ($3/month) expands subscription options and could boost ARPU and churn economics over time. Here’s Why Howdy, Roku’s Low-Cost Streaming Service, Is Worth Your $3/Month
• Neutral Sentiment: Investor attention and momentum — multiple outlets and Zacks note elevated investor interest and favorable momentum/style scores; this can amplify moves but also increase short-term volatility. Roku, Inc. (ROKU) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Valuation focus — recent strong returns have prompted fresh valuation analysis; higher multiples after the rally mean future upside may depend on sustained revenue/AD growth. Assessing Roku (ROKU) Valuation After A Strong Run In Recent Returns
• Negative Sentiment: Analyst note may cap near-term upside — Citigroup raised its price target to $120 but maintained a “neutral” rating; the PT sits below the current market level, signaling limited upside from here if the analyst view holds. Citigroup Raises Roku Price Target to $120 (Neutral)

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 15,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the completion of the transaction, the chief financial officer directly owned 85,115 shares of the company’s stock, valued at $8,020,386.45. This represents a 14.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $99.68, for a total value of $4,984,000.00. The SEC filing for this sale provides additional information. Insiders sold 630,182 shares of company stock valued at $66,865,773 over the last three months. 13.45% of the stock is currently owned by corporate insiders.

Roku Company Profile

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.