International Assets Investment Management LLC Buys 131,299 Shares of Roku, Inc. (NASDAQ:ROKU)

International Assets Investment Management LLC increased its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 13,592.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,265 shares of the company's stock after buying an additional 131,299 shares during the quarter. International Assets Investment Management LLC owned about 0.09% of Roku worth $12,123,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC increased its stake in Roku by 200.3% during the third quarter. Gotham Asset Management LLC now owns 41,128 shares of the company's stock worth $2,903,000 after acquiring an additional 27,431 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Roku by 8.2% in the fourth quarter. Nordea Investment Management AB now owns 7,247 shares of the company's stock valued at $669,000 after buying an additional 551 shares in the last quarter. Barclays PLC grew its stake in shares of Roku by 13.0% in the third quarter. Barclays PLC now owns 215,766 shares of the company's stock valued at $15,231,000 after buying an additional 24,765 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Roku by 27.6% in the third quarter. Deutsche Bank AG now owns 154,729 shares of the company's stock valued at $10,922,000 after buying an additional 33,500 shares in the last quarter. Finally, New York Life Investment Management LLC grew its stake in shares of Roku by 109.7% in the third quarter. New York Life Investment Management LLC now owns 14,299 shares of the company's stock valued at $1,009,000 after buying an additional 7,480 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction dated Monday, February 12th. The stock was 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 directly owns 141,221 shares of the company's stock, valued at approximately $13,930,039.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now directly owns 141,221 shares of the company's stock, valued at approximately $13,930,039.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stephen H. Kay sold 4,310 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the sale, the senior vice president now directly owns 81,459 shares of the company's stock, valued at $5,148,208.80. The disclosure for this sale can be found here. Insiders sold a total of 54,751 shares of company stock valued at $4,375,835 in the last three months. 13.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ROKU shares. Piper Sandler reaffirmed a "neutral" rating and issued a $65.00 price objective (down from $81.00) on shares of Roku in a research note on Friday, April 26th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $89.00 price objective on shares of Roku in a research note on Friday, April 26th. Pivotal Research dropped their price objective on Roku from $85.00 to $75.00 and set a "hold" rating for the company in a research note on Friday, February 16th. Benchmark dropped their price objective on Roku from $115.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, April 26th. Finally, Wedbush lowered their target price on Roku from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. Four research 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. Based on data from MarketBeat, Roku has an average rating of "Hold" and an average price target of $82.50.

Roku Trading Up 2.1 %

Shares of Roku stock traded up $1.22 on Monday, hitting $60.33. The stock had a trading volume of 3,089,500 shares, compared to its average volume of 5,753,012. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of -15.20 and a beta of 1.69. Roku, Inc. has a 52-week low of $51.62 and a 52-week high of $108.84. The company's 50 day moving average price is $62.07 and its 200 day moving average price is $78.31.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million during the quarter, compared to analysts' expectations of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business's revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.38) EPS. Analysts predict that Roku, Inc. will post -1.94 EPS for the current fiscal 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.