Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Acquires 9,167 Shares of Roku Inc (NASDAQ:ROKU)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Roku Inc (NASDAQ:ROKU) by 80.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,600 shares of the company’s stock after purchasing an additional 9,167 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Roku were worth $2,833,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in Roku by 17.4% during the second quarter. BlackRock Inc. now owns 3,962,459 shares of the company’s stock worth $358,918,000 after buying an additional 588,499 shares during the last quarter. State Street Corp increased its holdings in shares of Roku by 60.0% in the third quarter. State Street Corp now owns 1,735,677 shares of the company’s stock valued at $176,622,000 after purchasing an additional 651,049 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Roku by 78.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 877,255 shares of the company’s stock valued at $117,464,000 after purchasing an additional 386,250 shares during the last quarter. ARK Investment Management LLC increased its holdings in shares of Roku by 155.0% in the fourth quarter. ARK Investment Management LLC now owns 737,580 shares of the company’s stock valued at $98,762,000 after purchasing an additional 448,310 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in shares of Roku by 24.8% in the third quarter. Voloridge Investment Management LLC now owns 647,876 shares of the company’s stock valued at $65,928,000 after purchasing an additional 128,811 shares during the last quarter. 53.39% of the stock is currently owned by institutional investors and hedge funds.

ROKU has been the topic of several research reports. Morgan Stanley downgraded shares of Roku from an “equal weight” rating to an “underweight” rating and set a $110.00 price objective on the stock. in a report on Monday, December 2nd. ValuEngine upgraded shares of Roku from a “strong sell” rating to a “sell” rating in a report on Thursday, February 6th. BidaskClub upgraded shares of Roku from a “sell” rating to a “hold” rating in a report on Thursday. Bank of America upped their price objective on shares of Roku from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Friday. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Roku has an average rating of “Hold” and a consensus price target of $131.48.

In other news, CFO Steve Louden sold 95,789 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $155.95, for a total value of $14,938,294.55. Following the completion of the sale, the chief financial officer now owns 95,789 shares of the company’s stock, valued at $14,938,294.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan S. Henricks sold 5,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $160.00, for a total transaction of $800,000.00. Following the completion of the sale, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $1,635,520. The disclosure for this sale can be found here. In the last three months, insiders sold 210,081 shares of company stock valued at $30,803,764. 22.70% of the stock is currently owned by company insiders.

Shares of Roku stock opened at $130.25 on Friday. The firm has a 50-day moving average of $131.74 and a 200-day moving average of $133.74. The stock has a market cap of $15.31 billion, a PE ratio of -383.08 and a beta of 1.64. Roku Inc has a 52-week low of $50.81 and a 52-week high of $176.55.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 13th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. The company had revenue of $411.23 million during the quarter, compared to analysts’ expectations of $392.43 million. Roku had a negative net margin of 3.77% and a negative return on equity of 9.79%. Equities analysts anticipate that Roku Inc will post -0.53 EPS for the current year.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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