Nuveen Asset Management LLC Has $22.73 Million Stake in Roku, Inc. (NASDAQ:ROKU)

Nuveen Asset Management LLC decreased its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,733 shares of the company's stock after selling 36,920 shares during the quarter. Nuveen Asset Management LLC owned 0.21% of Roku worth $22,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. lifted its stake in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC acquired a new position in Roku in the fourth quarter valued at about $30,000. Game Plan Financial Advisors LLC acquired a new position in Roku in the fourth quarter valued at about $37,000. Harvest Fund Management Co. Ltd lifted its stake in Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after buying an additional 491 shares during the period. Finally, Allianz SE acquired a new position in Roku in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at $468,225. This trade represents a 42.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the sale, the insider now directly owns 7,380 shares of the company's stock, valued at approximately $577,485. The trade was a 49.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,100 shares of company stock worth $1,164,215 over the last ninety days. 13.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ROKU. Evercore ISI lowered their price target on Roku from $105.00 to $80.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. JMP Securities restated a "market outperform" rating and issued a $95.00 price target on shares of Roku in a report on Friday, May 2nd. Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and increased their price target for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $88.50 price target on shares of Roku in a report on Monday, May 12th. Finally, Citigroup lowered their price target on Roku from $81.00 to $68.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Roku currently has an average rating of "Moderate Buy" and an average target price of $87.93.

Roku Price Performance

ROKU stock traded up $2.97 during mid-day trading on Tuesday, reaching $71.98. The company had a trading volume of 3,429,710 shares, compared to its average volume of 3,774,358. The stock has a 50 day simple moving average of $65.96 and a two-hundred day simple moving average of $74.46. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of -80.88 and a beta of 2.06. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business's revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company earned ($0.35) earnings per share. On average, equities analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Roku Company 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.