Vontobel Holding Ltd. Boosts Holdings in Roku, Inc. (NASDAQ:ROKU)

Vontobel Holding Ltd. increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,771 shares of the company's stock after buying an additional 19,543 shares during the period. Vontobel Holding Ltd. owned about 0.06% of Roku worth $7,312,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ROKU. Gotham Asset Management LLC boosted its stake in shares of Roku by 200.3% in the 3rd quarter. Gotham Asset Management LLC now owns 41,128 shares of the company's stock valued at $2,903,000 after purchasing an additional 27,431 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Roku by 8.2% in the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company's stock valued at $669,000 after purchasing an additional 551 shares during the last quarter. Barclays PLC boosted its stake in shares of Roku by 13.0% in the 3rd quarter. Barclays PLC now owns 215,766 shares of the company's stock valued at $15,231,000 after purchasing an additional 24,765 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Roku by 27.6% in the 3rd quarter. Deutsche Bank AG now owns 154,729 shares of the company's stock valued at $10,922,000 after purchasing an additional 33,500 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of Roku by 109.7% in the 3rd quarter. New York Life Investment Management LLC now owns 14,299 shares of the company's stock valued at $1,009,000 after purchasing an additional 7,480 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Price Performance

Shares of ROKU stock traded down $0.23 on Wednesday, hitting $57.59. The stock had a trading volume of 2,851,717 shares, compared to its average volume of 5,737,207. The business has a 50 day moving average of $67.19 and a 200 day moving average of $79.07. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of -11.47 and a beta of 1.66. Roku, Inc. has a 12-month low of $51.62 and a 12-month high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported ($0.55) EPS for the quarter, beating the consensus estimate of ($0.65) by $0.10. The company had revenue of $984.40 million during the quarter, compared to the consensus estimate of $967.72 million. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.70) earnings per share. As a group, research analysts expect that Roku, Inc. will post -2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ROKU. Wedbush reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Roku in a research note on Friday, February 16th. Stephens reaffirmed an "overweight" rating and issued a $105.00 price objective on shares of Roku in a research note on Friday, February 16th. Pivotal Research dropped their target price on shares of Roku from $85.00 to $75.00 and set a "hold" rating on the stock in a research report on Friday, February 16th. Susquehanna boosted their target price on shares of Roku from $100.00 to $110.00 and gave the company a "positive" rating in a research report on Friday, February 16th. Finally, Citigroup dropped their target price on shares of Roku from $110.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 21st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $86.67.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Charles Collier sold 12,277 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total transaction of $798,741.62. Following the completion of the transaction, the insider now owns 4,292 shares in the company, valued at $279,237.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares of the company's stock, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. Insiders sold a total of 54,545 shares of company stock worth $4,364,035 over the last quarter. Insiders own 13.63% of the company's stock.

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.