Headlands Technologies LLC Lowers Position in Roku, Inc. (NASDAQ:ROKU)

Headlands Technologies LLC decreased its stake in Roku, Inc. (NASDAQ:ROKU) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,166 shares of the company’s stock after selling 182 shares during the quarter. Headlands Technologies LLC’s holdings in Roku were worth $290,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in Roku by 85.9% in the 3rd quarter. FMR LLC now owns 9,441,349 shares of the company’s stock worth $666,465,000 after acquiring an additional 4,363,754 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Roku in the third quarter worth approximately $55,182,000. Wellington Management Group LLP increased its stake in shares of Roku by 34.6% in the third quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock worth $179,516,000 after purchasing an additional 653,940 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Roku by 814.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 270,888 shares of the company’s stock valued at $24,830,000 after purchasing an additional 241,255 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Roku by 1,910.3% during the 3rd quarter. Principal Financial Group Inc. now owns 213,757 shares of the company’s stock valued at $15,089,000 after buying an additional 203,124 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ROKU shares. Stephens reiterated an “overweight” rating and issued a $105.00 price target on shares of Roku in a research note on Friday, February 16th. Morgan Stanley cut their target price on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, April 5th. Rosenblatt Securities reissued a “neutral” rating and issued a $89.00 price target on shares of Roku in a report on Friday. Benchmark cut their price objective on shares of Roku from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday. Finally, Wedbush lowered their target price on shares of Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $86.05.

Insider Buying and Selling at Roku

In other news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the sale, the senior vice president now owns 81,459 shares in the company, valued at approximately $5,148,208.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Stephen H. Kay sold 4,310 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Charles Collier sold 12,277 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the sale, the insider now directly owns 4,292 shares of the company’s stock, valued at $279,237.52. The disclosure for this sale can be found here. Insiders have sold 54,545 shares of company stock worth $4,364,035 over the last quarter. Insiders own 13.63% of the company’s stock.

Roku Price Performance

Shares of NASDAQ ROKU opened at $56.35 on Friday. Roku, Inc. has a 1-year low of $51.62 and a 1-year high of $108.84. The business’s 50 day moving average is $62.80 and its two-hundred day moving average is $78.52. The stock has a market capitalization of $8.09 billion, a P/E ratio of -14.12 and a beta of 1.66.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The firm had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. During the same quarter in the previous year, the business earned ($1.38) EPS. The company’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, equities research analysts anticipate that Roku, Inc. will post -2.12 earnings per share for the current fiscal year.

Roku Company Profile

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.