S.A. Mason LLC Invests $365,000 in Roku, Inc. (NASDAQ:ROKU)

S.A. Mason LLC purchased a new stake in Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,908 shares of the company’s stock, valued at approximately $365,000.

A number of other large investors also recently made changes to their positions in the company. Holocene Advisors LP purchased a new stake in Roku in the 3rd quarter valued at about $129,015,000. Westfield Capital Management Co. LP increased its position in shares of Roku by 126.1% during the third 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 during the last quarter. Point72 Asset Management L.P. lifted its holdings in Roku by 352.5% during the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock worth $48,653,000 after acquiring an additional 507,643 shares during the period. JAT Capital Mgmt LP raised its stake in shares of Roku by 470.2% during the 3rd quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company’s stock worth $40,359,000 after purchasing an additional 445,777 shares during the period. Finally, FMR LLC boosted its stake in Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after acquiring an additional 244,793 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on ROKU shares. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Morgan Stanley lifted their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. JMP Securities started coverage on shares of Roku in a research note on Tuesday, January 21st. They set a “mkt outperform” rating and a $95.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.18.

Roku Stock Performance

Shares of ROKU stock opened at $82.76 on Monday. The business has a 50-day moving average of $78.48 and a 200 day moving average of $72.12. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $99.80.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 8,693 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.44, for a total value of $621,027.92. Following the completion of the sale, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now directly owns 65,555 shares in the company, valued at approximately $4,916,625. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,885 shares of company stock worth $5,712,912. 13.98% of the stock is currently owned by insiders.

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.