Roku, Inc. (NASDAQ:ROKU) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its position in Roku, Inc. (NASDAQ:ROKU) by 146.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,168 shares of the company’s stock after buying an additional 6,042 shares during the period. Achmea Investment Management B.V.’s holdings in Roku were worth $756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC acquired a new position in shares of Roku during the 4th quarter worth approximately $30,000. Raelipskie Partnership acquired a new position in shares of Roku during the 3rd quarter worth approximately $32,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku during the 4th quarter worth approximately $37,000. Finally, GS Investments Inc. boosted its holdings in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roku

In other Roku news, insider Charles Collier sold 7,181 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the transaction, the insider now owns 7,380 shares in the company, valued at $577,485. This represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.73, for a total transaction of $82,730.00. Following the completion of the transaction, the chief financial officer now owns 64,555 shares of the company’s stock, valued at $5,340,635.15. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,308 shares of company stock worth $8,296,166 over the last 90 days. Corporate insiders own 13.98% of the company’s stock.

Roku Trading Up 0.2 %

Shares of ROKU stock opened at $67.78 on Friday. The firm has a fifty day moving average price of $81.73 and a 200 day moving average price of $77.05. The company has a market cap of $9.89 billion, a P/E ratio of -76.16 and a beta of 2.12. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.15 billion. On average, equities analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

ROKU has been the topic of several recent research reports. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $86.00 price target on shares of Roku in a research report on Thursday, February 13th. Moffett Nathanson raised shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target on the stock in a research report on Tuesday, March 4th. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $70.00 to $90.00 in a research report on Monday, November 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Roku in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.71.

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.