Handelsbanken Fonder AB Acquires 3,400 Shares of Roku, Inc. (NASDAQ:ROKU)

Handelsbanken Fonder AB increased its holdings in Roku, Inc. (NASDAQ:ROKU) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,700 shares of the company’s stock after acquiring an additional 3,400 shares during the period. Handelsbanken Fonder AB’s holdings in Roku were worth $2,264,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ROKU. FMR LLC grew its holdings in shares of Roku by 85.9% in the third quarter. FMR LLC now owns 9,441,349 shares of the company’s stock valued at $666,465,000 after acquiring an additional 4,363,754 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Roku in the third quarter valued at approximately $55,182,000. Wellington Management Group LLP grew its holdings in shares of Roku by 34.6% in the third quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock valued at $179,516,000 after acquiring an additional 653,940 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Roku by 814.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 270,888 shares of the company’s stock valued at $24,830,000 after purchasing an additional 241,255 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Roku by 1,910.3% during the third quarter. Principal Financial Group Inc. now owns 213,757 shares of the company’s stock valued at $15,089,000 after purchasing an additional 203,124 shares during the period. 86.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup reduced their price objective on Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Susquehanna increased their price objective on Roku from $100.00 to $110.00 and gave the company a “positive” rating in a report on Friday, February 16th. Piper Sandler reissued a “neutral” rating and set a $65.00 price objective (down from $81.00) on shares of Roku in a report on Friday. Stephens reissued an “overweight” rating and set a $105.00 price objective on shares of Roku in a report on Friday, February 16th. Finally, Pivotal Research reduced their price objective on Roku from $85.00 to $75.00 and set a “hold” rating for the company in a report on Friday, February 16th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $83.90.

Roku Stock Performance

Shares of ROKU stock opened at $56.35 on Friday. Roku, Inc. has a 52-week low of $51.62 and a 52-week high of $108.84. The company has a market capitalization of $8.09 billion, a PE ratio of -14.12 and a beta of 1.66. The business’s fifty day moving average is $62.80 and its 200 day moving average is $78.48.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The company had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. During the same quarter last year, the business posted ($1.38) earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. On average, sell-side analysts forecast that Roku, Inc. will post -2.12 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the sale, the senior vice president now owns 81,459 shares in the company, valued at $5,148,208.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the sale, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Collier sold 12,277 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the transaction, the insider now owns 4,292 shares in the company, valued at approximately $279,237.52. The disclosure for this sale can be found here. Insiders have sold 54,545 shares of company stock worth $4,364,035 over the last 90 days. Corporate insiders own 13.63% of the company’s stock.

Roku Company 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.