EULAV Asset Management Sells 65,000 Shares of Roku, Inc. (NASDAQ:ROKU)

EULAV Asset Management decreased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,000 shares of the company’s stock after selling 65,000 shares during the period. EULAV Asset Management owned approximately 0.08% of Roku worth $8,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Holocene Advisors LP bought a new stake in shares of Roku during the 3rd quarter valued at about $129,015,000. Westfield Capital Management Co. LP grew its stake in Roku by 126.1% in the 3rd 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 in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Roku by 352.5% in the 3rd 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. JAT Capital Mgmt LP raised its position in shares of Roku by 470.2% during the 3rd quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company’s stock valued at $40,359,000 after buying an additional 445,777 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Roku by 1.7% during the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after acquiring an additional 244,793 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Trading Up 4.8 %

Shares of NASDAQ ROKU opened at $85.00 on Friday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $99.80. The company’s 50-day moving average is $79.52 and its 200 day moving average is $72.48.

Analyst Ratings Changes

A number of research firms recently commented on ROKU. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Tuesday, January 7th. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Roku in a research report on Wednesday, January 8th. UBS Group initiated coverage on Roku in a research report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 target price for the company. Piper Sandler increased their price target on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, JMP Securities restated a “market outperform” rating and issued a $95.00 price objective on shares of Roku in a report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roku has a consensus rating of “Moderate Buy” and an average price target of $83.18.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 8,693 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the sale, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,193,100.32. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,885 shares of company stock valued at $5,712,912. 13.98% of the stock is currently owned by corporate insiders.

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.