Y Intercept Hong Kong Ltd Invests $1.14 Million in Roku, Inc. (NASDAQ:ROKU)

Y Intercept Hong Kong Ltd purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,379 shares of the company’s stock, valued at approximately $1,143,000.

Several other large investors also recently bought and sold shares of ROKU. Sigma Planning Corp boosted its holdings in shares of Roku by 8.2% during the 4th quarter. Sigma Planning Corp now owns 8,935 shares of the company’s stock worth $664,000 after purchasing an additional 679 shares during the last quarter. Prakash Investment Advisors LLC acquired a new position in Roku during the fourth quarter worth $208,000. Concurrent Investment Advisors LLC grew its holdings in Roku by 16.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 4,267 shares of the company’s stock valued at $317,000 after buying an additional 597 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Roku by 15.0% in the 4th quarter. Handelsbanken Fonder AB now owns 34,600 shares of the company’s stock worth $2,572,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of Roku by 18.3% during the 4th quarter. Ieq Capital LLC now owns 12,846 shares of the company’s stock worth $955,000 after acquiring an additional 1,990 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $2,510,000.00. Following the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,664,415.20. This represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 owns 64,555 shares of the company’s stock, valued at $5,340,635.15. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,421 shares of company stock valued at $9,660,786. Insiders own 13.98% of the company’s stock.

Roku Price Performance

ROKU opened at $85.57 on Thursday. The business has a fifty day moving average price of $81.88 and a 200 day moving average price of $75.77. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of -96.15 and a beta of 2.05.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

ROKU has been the subject of a number of analyst reports. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $125.00 in a report on Friday, February 14th. Macquarie restated an “outperform” rating and set a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upped their price target on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Bank of America raised their price objective on Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

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.