Rokos Capital Management LLP Makes New $9.38 Million Investment in Roku, Inc. $ROKU

Rokos Capital Management LLP acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 99,162 shares of the company’s stock, valued at approximately $9,381,000.

Several other large investors have also made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the last quarter. Bayban boosted its holdings in Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC purchased a new stake in Roku in the fourth quarter valued at $31,000. Safe Harbor Fiduciary LLC acquired a new stake in Roku during the 4th quarter worth about $31,000. Finally, Rakuten Securities Inc. grew its position in Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after purchasing an additional 158 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ROKU shares. KeyCorp cut Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Seaport Research Partners set a $155.00 price target on Roku in a report on Tuesday, June 16th. Needham & Company LLC upped their price objective on Roku from $140.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Citizens Jmp cut shares of Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $160.00 target price on shares of Roku in a report on Monday, June 15th. Ten investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, Roku currently has an average rating of “Hold” and a consensus target price of $155.12.

Roku Stock Up 0.7%

ROKU stock opened at $142.92 on Tuesday. Roku, Inc. has a 52-week low of $78.53 and a 52-week high of $148.88. The firm has a market cap of $21.07 billion, a P/E ratio of 107.46 and a beta of 2.01. The company’s 50-day simple moving average is $134.77 and its 200-day simple moving average is $113.91.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.19) EPS. On average, analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Charles Collier sold 20,538 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $142.51, for a total transaction of $2,926,870.38. Following the completion of the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at $2,166,152. This represents a 57.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Neil D. Hunt sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total value of $281,300.00. Following the transaction, the director owned 9,629 shares in the company, valued at $1,354,318.85. This trade represents a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 236,499 shares of company stock valued at $30,582,963 in the last 90 days. Corporate insiders own 13.45% of the company’s stock.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.