Hyperion Asset Management Ltd Has $27.86 Million Stock Position in Roku, Inc. (NASDAQ:ROKU)

Hyperion Asset Management Ltd cut its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,793 shares of the company's stock after selling 5,483 shares during the period. Roku accounts for 0.9% of Hyperion Asset Management Ltd's holdings, making the stock its 19th largest position. Hyperion Asset Management Ltd owned about 0.26% of Roku worth $27,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of 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 bought a new position in shares of Roku in the fourth quarter worth about $30,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku during the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd boosted its position in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after buying an additional 491 shares during the period. Finally, Allianz SE acquired a new stake in Roku in the fourth quarter valued at $39,000. Institutional investors own 86.30% of the company's stock.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $2,510,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at $2,664,415.20. This trade represents a 48.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at $583,092.16. This represents a 20.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,111 shares of company stock valued at $4,377,112 in the last three months. Corporate insiders own 13.98% of the company's stock.

Roku Price Performance

Shares of NASDAQ ROKU traded up $2.18 during mid-day trading on Tuesday, hitting $70.96. The company had a trading volume of 930,714 shares, compared to its average volume of 3,785,572. The firm's 50 day simple moving average is $66.17 and its two-hundred day simple moving average is $74.55. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of -80.03 and a beta of 2.06. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted ($0.35) EPS. The business's revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citizens Jmp raised Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. Compass Point assumed coverage on shares of Roku in a report on Sunday, March 23rd. They issued a "buy" rating for the company. Piper Sandler began 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. JMP Securities reaffirmed a "market outperform" rating and set a $95.00 price objective on shares of Roku in a report on Friday, May 2nd. Finally, Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $87.93.

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.