4,673 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by AXQ Capital LP

AXQ Capital LP bought a new position in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,673 shares of the company’s stock, valued at approximately $347,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings 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 buying an additional 244,793 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Roku during the third quarter worth approximately $129,015,000. Westfield Capital Management Co. LP lifted its holdings 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 buying an additional 856,401 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 34,898 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Roku by 352.5% during the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock worth $48,653,000 after buying an additional 507,643 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $78.29 on Monday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The firm has a market cap of $11.43 billion, a PE ratio of -87.97 and a beta of 2.12. The business has a fifty day moving average of $80.89 and a 200-day moving average of $77.32.

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

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $86.00 price target on shares of Roku in a report on Thursday, February 13th. UBS Group upped their target price on Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and upped their target price for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. Citigroup upgraded Roku from a “neutral” rating to an “outperform” rating in a research note on Sunday. Finally, Benchmark upped their target price on Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.71.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Collier sold 7,181 shares of Roku stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the sale, the insider now owns 7,380 shares of the company’s stock, valued at approximately $577,485. The trade was a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,908 shares of company stock worth $8,633,436. 13.98% of the stock is owned by corporate 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.