Vision Financial Markets LLC Invests $30,000 in Roku, Inc. (NASDAQ:ROKU)

Vision Financial Markets LLC bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 400 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Holocene Advisors LP acquired a new position in shares of Roku during the third quarter worth about $129,015,000. Westfield Capital Management Co. LP raised its holdings in shares of Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after buying an additional 856,401 shares during the period. Point72 Asset Management L.P. lifted its position in Roku by 352.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock worth $48,653,000 after acquiring an additional 507,643 shares in the last quarter. JAT Capital Mgmt LP boosted its holdings in 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 acquiring an additional 445,777 shares during the period. Finally, FMR LLC grew its position in Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after acquiring an additional 244,793 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roku

In other news, CFO Dan Jedda sold 5,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the completion of the transaction, the chief financial officer now owns 58,555 shares of the company’s stock, valued at approximately $5,878,922. This represents a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now owns 7,256 shares in the company, valued at approximately $583,092.16. This represents a 20.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,308 shares of company stock valued at $10,362,166 in the last ninety days. Company insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

ROKU has been the topic of a number of recent research reports. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Loop Capital boosted their price objective on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Citizens Jmp upgraded Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price target on Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Citigroup lifted their price objective on Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.71.

Roku Trading Down 6.4 %

Shares of NASDAQ ROKU opened at $79.60 on Friday. The company has a market cap of $11.62 billion, a price-to-earnings ratio of -89.44 and a beta of 2.12. The stock’s 50 day simple moving average is $82.30 and its 200 day simple moving average is $76.74. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. As a group, equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

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.