ANTIPODES PARTNERS Ltd Purchases 1,819 Shares of Roku, Inc. (NASDAQ:ROKU)

ANTIPODES PARTNERS Ltd grew its position in Roku, Inc. (NASDAQ:ROKU) by 91.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,812 shares of the company’s stock after acquiring an additional 1,819 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Roku were worth $283,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares in the last quarter. Vision Financial Markets LLC acquired a new position in shares of Roku in the 4th quarter worth approximately $30,000. Raelipskie Partnership acquired a new position in shares of Roku in the 3rd quarter worth approximately $32,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku in the 4th quarter worth approximately $37,000. Finally, GS Investments Inc. raised its holdings in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Up 1.9 %

NASDAQ:ROKU opened at $70.96 on Thursday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a market capitalization of $10.36 billion, a P/E ratio of -79.73 and a beta of 2.12. The stock’s fifty day simple moving average is $82.05 and its 200-day simple moving average is $77.07.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, equities research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and increased their target price for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. Wells Fargo & Company raised Roku from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $74.00 to $129.00 in a report on Friday, February 14th. Citizens Jmp raised Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Pivotal Research raised Roku from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $125.00 in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and an average price target of $96.71.

Insider Transactions at Roku

In other Roku news, CAO Matthew C. Banks sold 1,906 shares of Roku 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 transaction, the chief accounting officer now directly owns 7,256 shares in the company, valued at approximately $583,092.16. The trade was a 20.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,116,936.26. This represents a 48.51 % 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 three months. Insiders own 13.98% 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.