Achmea Investment Management B.V. Raises Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Achmea Investment Management B.V. increased its position in Roku, Inc. (NASDAQ:ROKU) by 146.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,168 shares of the company’s stock after purchasing an additional 6,042 shares during the quarter. Achmea Investment Management B.V.’s holdings in Roku were worth $756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROKU. Holocene Advisors LP bought a new position in Roku in the third quarter worth approximately $129,015,000. Westfield Capital Management Co. LP boosted its position in Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after acquiring an additional 856,401 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Roku by 352.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after acquiring an additional 507,643 shares in the last quarter. JAT Capital Mgmt LP boosted its position in Roku by 470.2% during the 3rd quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company’s stock valued at $40,359,000 after acquiring an additional 445,777 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Roku by 164.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 506,351 shares of the company’s stock valued at $37,642,000 after acquiring an additional 314,931 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

NASDAQ ROKU opened at $67.78 on Friday. The stock has a 50-day simple moving average of $81.73 and a two-hundred day simple moving average of $77.05. The firm has a market capitalization of $9.89 billion, a P/E ratio of -76.16 and a beta of 2.12. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Activity

In other news, CAO Matthew C. Banks sold 1,906 shares of the firm’s stock in a transaction dated 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 in the company, valued at $583,092.16. This trade represents a 20.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles Collier sold 7,181 shares of Roku 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 completion of the sale, the insider now owns 7,380 shares in the company, 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 93,308 shares of company stock worth $8,296,166 in the last ninety days. Company insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

ROKU has been the topic of several recent research reports. Citizens Jmp raised Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Roku in a research report on Monday, February 10th. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price on the stock in a research report on Tuesday, March 4th. Bank of America increased their price objective on Roku from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Roku in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.71.

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.