UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $39.19 Million Holdings in Roku, Inc. (NASDAQ:ROKU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 527,191 shares of the company's stock after buying an additional 37,945 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.36% of Roku worth $39,191,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP raised its holdings in Roku by 264.4% during the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock worth $1,898,000 after buying an additional 18,520 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Roku by 505.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock worth $96,402,000 after buying an additional 1,082,548 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock valued at $159,353,000 after buying an additional 56,820 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Roku by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock worth $73,661,000 after buying an additional 34,898 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its position in shares of Roku by 146.4% during the 4th quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock valued at $756,000 after purchasing an additional 6,042 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ROKU shares. Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on Roku from $115.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Compass Point assumed coverage on Roku in a report on Sunday, March 23rd. They issued a "buy" rating for the company. Piper Sandler started coverage on Roku in a research note on Thursday, April 17th. They issued a "neutral" rating and a $65.00 price objective for the company. Finally, Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and lifted their price target for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.93.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the completion of the transaction, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at approximately $583,092.16. This trade represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $345,000.00. Following the sale, the chief executive officer now owns 6,243 shares in the company, valued at approximately $468,225. This trade represents a 42.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,100 shares of company stock valued at $1,164,215 over the last quarter. 13.98% of the stock is owned by company insiders.

Roku Stock Down 0.8%

Shares of Roku stock traded down $0.59 during trading on Thursday, reaching $73.37. The company's stock had a trading volume of 1,158,557 shares, compared to its average volume of 3,767,010. The company has a market cap of $10.71 billion, a price-to-earnings ratio of -82.37 and a beta of 2.06. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The company has a 50-day simple moving average of $65.88 and a two-hundred day simple moving average of $74.46.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data 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. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted ($0.35) EPS. The company's revenue was up 15.8% on a year-over-year basis. As a group, analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current 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.