IFP Advisors Inc Raises Holdings in Roku, Inc. (NASDAQ:ROKU)

IFP Advisors Inc raised its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 19.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,957 shares of the company’s stock after purchasing an additional 476 shares during the period. IFP Advisors Inc’s holdings in Roku were worth $220,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ROKU. Holocene Advisors LP purchased a new position in shares of Roku in the 3rd quarter worth $129,015,000. Westfield Capital Management Co. LP boosted its stake in shares of 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 during the last quarter. Point72 Asset Management L.P. boosted its stake 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 boosted its stake in shares of Roku by 470.2% in the 3rd quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company’s stock worth $40,359,000 after buying an additional 445,777 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Roku by 1.7% in the 3rd 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. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.73, for a total transaction of $82,730.00. Following the sale, the chief financial officer now directly owns 64,555 shares of the company’s stock, valued at $5,340,635.15. The trade was a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,116,936.26. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,221 shares of company stock valued at $9,647,087 over the last ninety days. 13.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ROKU shares. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $70.00 to $90.00 in a research note on Monday, November 18th. Pivotal Research upgraded Roku from a “hold” rating to a “buy” rating and lifted their target price for the company from $65.00 to $125.00 in a research report on Friday, February 14th. JMP Securities lifted their target price on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and lifted their target price for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.00.

Roku Trading Down 3.9 %

Shares of ROKU stock opened at $80.26 on Tuesday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The stock’s 50-day moving average price is $82.14 and its 200-day moving average price is $76.36. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of -90.18 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

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.