Lido Advisors LLC Acquires 33,110 Shares of Roku, Inc. (NASDAQ:ROKU)

Lido Advisors LLC lifted its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 108.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,742 shares of the company's stock after buying an additional 33,110 shares during the quarter. Lido Advisors LLC's holdings in Roku were worth $4,739,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROKU. Entropy Technologies LP boosted its stake in shares of Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock worth $1,898,000 after acquiring an additional 18,520 shares in the last quarter. Geode Capital Management LLC boosted its position in Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after purchasing an additional 56,820 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Roku by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock valued at $73,661,000 after purchasing an additional 34,898 shares during the last quarter. Achmea Investment Management B.V. raised its position in shares of Roku by 146.4% in the fourth 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 period. Finally, Allstate Corp acquired a new stake in shares of Roku in the fourth quarter worth $275,000. Institutional investors own 86.30% of the company's stock.

Insider Activity

In related news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the sale, the chief financial officer now directly owns 68,843 shares of the company's stock, valued at approximately $5,163,225. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles Collier sold 7,181 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the transaction, the insider now 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 have sold 71,905 shares of company stock worth $6,560,876 in the last 90 days. Corporate insiders own 13.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and set a $88.50 target price on shares of Roku in a research report on Thursday, April 24th. Benchmark restated a "buy" rating and set a $130.00 target price on shares of Roku in a research note on Monday, April 21st. Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Monday, April 7th. Citigroup reiterated an "outperform" rating on shares of Roku in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Roku from $115.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.39.

Roku Stock Performance

NASDAQ:ROKU traded down $0.91 on Thursday, hitting $67.27. 10,192,404 shares of the stock were exchanged, compared to its average volume of 3,707,989. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The company's 50-day moving average price is $69.62 and its 200 day moving average price is $75.36. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of -75.58 and a beta of 2.17.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data 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%. During the same period in the prior year, the firm earned ($0.35) earnings per share. The firm's quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts predict 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.