Jupiter Asset Management Ltd. Has $37.64 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Jupiter Asset Management Ltd. lifted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 164.5% during the 4th quarter, Holdings Channel reports. The firm owned 506,351 shares of the company’s stock after purchasing an additional 314,931 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Roku were worth $37,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Roku by 23.9% in the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after buying an additional 121 shares during the last quarter. GS Investments Inc. grew its stake in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares during the last quarter. True Vision MN LLC grew its stake in Roku by 3.1% in the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after buying an additional 152 shares during the last quarter. Richard W. Paul & Associates LLC grew its stake in Roku by 1.1% in the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock valued at $1,189,000 after buying an additional 177 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Roku by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock valued at $287,000 after buying an additional 191 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roku

In related news, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the transaction, the insider now directly owns 7,380 shares of the company’s stock, valued at $577,485. This trade represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,308 shares of company stock valued at $8,296,166 over the last ninety days. Corporate insiders own 13.98% of the company’s stock.

Roku Trading Down 2.1 %

Roku stock opened at $69.64 on Wednesday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of -78.25 and a beta of 2.12. The firm’s fifty day moving average price is $82.12 and its two-hundred day moving average price is $77.12.

Roku (NASDAQ:ROKU) last released its quarterly earnings data 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 net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, research 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 a number of research reports. UBS Group upped their price target on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Roku in a report on Tuesday, January 7th. JMP Securities boosted their price objective on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Finally, Citigroup boosted their price objective on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.71.

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.