Roku, Inc. $ROKU Shares Sold by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. lessened its stake in Roku, Inc. (NASDAQ:ROKU) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,941,504 shares of the company’s stock after selling 720,814 shares during the quarter. Roku comprises approximately 3.7% of Amova Asset Management Americas Inc.’s investment portfolio, making the stock its 6th biggest holding. Amova Asset Management Americas Inc.’s holdings in Roku were worth $318,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROKU. Blue Trust Inc. increased its position in Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in Roku in the 4th quarter valued at about $26,000. WPG Advisers LLC acquired a new stake in Roku in the 4th quarter valued at about $31,000. Rakuten Securities Inc. increased its position in Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in Roku in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to attract upbeat analyst and investor attention, with recent coverage noting strong growth-stock characteristics and a “Moderate Buy” consensus from brokerages. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
• Positive Sentiment: Promotions around Roku devices and Roku TV sales keep the brand in front of consumers and may support device adoption and platform usage. Walmart’s 50-inch Roku TV is on sale for under $215 this week
• Positive Sentiment: Another deal on Roku hardware suggests ongoing retail demand and broad consumer interest in the company’s streaming ecosystem. Get a Roku Streaming Stick Plus and a month of Fox One for just $25
• Neutral Sentiment: Roku-related entertainment programming announcements help keep the platform visible, but they are unlikely to materially change fundamentals by themselves. ‘Gamechangers: America’s Top 25 Female Athletes’ Special Set At Roku
• Neutral Sentiment: Search interest in ROKU has increased, which suggests the stock is on investors’ radar, but the article itself does not provide a new operational catalyst. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
• Negative Sentiment: Recent insider selling by Charles Collier may create some caution among investors, even though the sale was made under a pre-arranged 10b5-1 plan. Roku (NASDAQ:ROKU) Insider Sells $2,565,892.78 in Stock
• Negative Sentiment: A report that a permanent ad was added to the Roku home screen could irritate users and raise concern about the user experience, even if the impact on revenue is potentially positive. Your Roku just got a permanent ad on the home screen — here’s how to minimize it

Insider Activity

In related news, insider Gilbert Fuchsberg sold 9,593 shares of Roku stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $125.52, for a total transaction of $1,204,113.36. Following the transaction, the insider owned 50,863 shares of the company’s stock, valued at $6,384,323.76. This trade represents a 15.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 15,000 shares of Roku stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the transaction, the chief financial officer directly owned 85,115 shares in the company, valued at $8,020,386.45. The trade was a 14.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 667,168 shares of company stock worth $75,218,573 over the last quarter. 13.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “market outperform” rating on shares of Roku in a research note on Thursday, May 28th. Morgan Stanley raised their target price on shares of Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Rosenblatt Securities raised their target price on shares of Roku from $118.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of Roku in a research note on Friday, May 1st. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.50.

Roku Price Performance

Roku stock opened at $120.91 on Wednesday. The company’s 50 day simple moving average is $116.68 and its 200 day simple moving average is $105.60. Roku, Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $133.46. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of 90.91 and a beta of 2.06.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned ($0.19) EPS. Roku’s quarterly revenue was up 22.4% compared to the same quarter last year. As a group, analysts predict that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.