UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in Roku, Inc. (NASDAQ:ROKU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 527,191 shares of the company's stock after acquiring an additional 37,945 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.36% of Roku worth $39,191,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new position in Roku in the fourth quarter valued at about $1,353,000. Mutual Advisors LLC bought a new position in Roku in the 4th quarter valued at approximately $207,000. Avior Wealth Management LLC raised its holdings in Roku by 11.9% in the 4th quarter. Avior Wealth Management LLC now owns 7,180 shares of the company's stock valued at $534,000 after buying an additional 762 shares during the last quarter. Fifth Third Bancorp boosted its position in Roku by 24.9% during the 4th quarter. Fifth Third Bancorp now owns 1,119 shares of the company's stock worth $83,000 after buying an additional 223 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Performance

ROKU traded up $1.98 during midday trading on Wednesday, reaching $73.96. 3,119,864 shares of the company were exchanged, compared to its average volume of 3,771,755. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The company's fifty day moving average price is $65.96 and its 200 day moving average price is $74.46. The company has a market cap of $10.79 billion, a price-to-earnings ratio of -83.10 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) EPS 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 period in the prior year, the firm posted ($0.35) EPS. Roku's quarterly revenue was up 15.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roku news, insider Charles Collier sold 7,181 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the sale, the insider now directly owns 7,380 shares in the company, valued at $577,485. The trade was a 49.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 6,243 shares of the company's stock, valued at $468,225. The trade was a 42.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,100 shares of company stock worth $1,164,215. Insiders own 13.98% of the company's stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of several analyst reports. Wells Fargo & Company reduced 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. Benchmark reiterated a "buy" rating and issued a $130.00 price target on shares of Roku in a research report on Friday, May 2nd. FBN Securities began coverage on Roku in a research report on Friday, March 28th. They set an "outperform" rating and a $93.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $88.50 target price on shares of Roku in a report on Monday, May 12th. Finally, Piper Sandler assumed coverage on shares of Roku in a research report on Thursday, April 17th. They set a "neutral" rating and a $65.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roku has a consensus rating of "Moderate Buy" and a consensus target price of $87.93.

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.