Asset Management One Co. Ltd. Has $3.54 Million Holdings in Roku, Inc. (NASDAQ:ROKU)

Asset Management One Co. Ltd. raised its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 12.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 50,280 shares of the company's stock after purchasing an additional 5,403 shares during the period. Asset Management One Co. Ltd.'s holdings in Roku were worth $3,542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROKU. Farther Finance Advisors LLC grew its position in Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after buying an additional 121 shares during the period. United Advisor Group LLC boosted its stake in Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock worth $1,073,000 after purchasing an additional 130 shares during the period. Cerity Partners LLC boosted its stake in Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock worth $1,984,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC grew its holdings in Roku by 47.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the company's stock valued at $59,000 after buying an additional 251 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Roku by 8.9% during the fourth quarter. QRG Capital Management Inc. now owns 3,122 shares of the company's stock valued at $232,000 after buying an additional 254 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. This represents a 80.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew C. Banks sold 629 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $72.98, for a total value of $45,904.42. Following the transaction, the chief accounting officer now owns 8,555 shares in the company, valued at approximately $624,343.90. This represents a 6.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,227 shares of company stock worth $4,994,244. Insiders own 13.98% of the company's stock.

Roku Stock Up 0.5%

NASDAQ ROKU opened at $86.94 on Monday. The company has a 50-day simple moving average of $72.09 and a two-hundred day simple moving average of $75.07. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of -119.09 and a beta of 2.09.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and set a $88.50 price target on shares of Roku in a research report on Tuesday, June 17th. FBN Securities assumed coverage on Roku in a research note on Friday, March 28th. They set an "outperform" rating and a $93.00 price objective for the company. UBS Group decreased their target price on Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Rosenblatt Securities lowered their price target on Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Benchmark reissued a "buy" rating and set a $130.00 price objective on shares of Roku in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.93.

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.

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