Lecap Asset Management Ltd. Makes New $511,000 Investment in Roku, Inc. (NASDAQ:ROKU)

Lecap Asset Management Ltd. purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,249 shares of the company's stock, valued at approximately $511,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC raised its stake in shares of Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after acquiring an additional 4,613,570 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Roku by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock valued at $910,597,000 after acquiring an additional 185,676 shares during the period. Marshall Wace LLP boosted its holdings in Roku by 663.9% during the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after acquiring an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Roku by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock valued at $168,734,000 after purchasing an additional 215,841 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after purchasing an additional 56,820 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Performance

Shares of NASDAQ ROKU traded up $0.95 during midday trading on Monday, reaching $87.89. 3,008,546 shares of the company traded hands, compared to its average volume of 3,860,744. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The stock's 50-day simple moving average is $72.66 and its 200-day simple moving average is $75.11. The firm has a market cap of $12.83 billion, a PE ratio of -120.40 and a beta of 2.09.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.35) EPS. On average, equities research analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insider Activity at Roku

In other news, Director Mai Fyfield sold 914 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.50, for a total value of $71,749.00. Following the transaction, the director directly owned 4,374 shares of the company's stock, valued at $343,359. The trade was a 17.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $80.27, for a total value of $2,006,750.00. Following the sale, the chief executive officer directly owned 11,953 shares of the company's stock, valued at $959,467.31. This represents a 67.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,227 shares of company stock valued at $4,994,244. Insiders own 13.98% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on ROKU. Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Monday, April 7th. Wells Fargo & Company lowered their price objective on shares of Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Roku from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. Citigroup reissued a "neutral" rating and issued a $84.00 price target (up from $68.00) on shares of Roku in a report on Wednesday, June 18th. Finally, Loop Capital upgraded shares of Roku from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $80.00 to $100.00 in a report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $89.93.

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.