Roku, Inc. (NASDAQ:ROKU) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. decreased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,357,023 shares of the company’s stock after selling 850,846 shares during the quarter. Roku makes up approximately 4.3% of Nikko Asset Management Americas Inc.’s holdings, making the stock its 7th biggest holding. Nikko Asset Management Americas Inc. owned 3.69% of Roku worth $398,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Apollon Wealth Management LLC boosted its position in Roku by 54.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 5,690 shares of the company’s stock valued at $425,000 after purchasing an additional 2,006 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Roku by 12.4% during the third quarter. Harbour Investments Inc. now owns 3,489 shares of the company’s stock valued at $260,000 after acquiring an additional 385 shares during the period. KBC Group NV grew its position in shares of Roku by 42.1% during the third quarter. KBC Group NV now owns 19,801 shares of the company’s stock worth $1,479,000 after acquiring an additional 5,871 shares during the last quarter. Swiss National Bank increased its holdings in shares of Roku by 1.3% in the 3rd quarter. Swiss National Bank now owns 376,800 shares of the company’s stock worth $28,132,000 after acquiring an additional 5,000 shares during the period. Finally, Aviance Capital Partners LLC lifted its position in Roku by 68.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 13,356 shares of the company’s stock valued at $997,000 after purchasing an additional 5,405 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on ROKU shares. JPMorgan Chase & Co. raised their price target on shares of Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Bank of America lifted their target price on Roku from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price target on shares of Roku in a research note on Thursday, February 13th. Citizens Jmp raised Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $96.71.

Roku Stock Up 0.2 %

Shares of NASDAQ:ROKU opened at $67.78 on Monday. The company’s fifty day moving average is $81.73 and its two-hundred day moving average is $77.12. The company has a market cap of $9.89 billion, a P/E ratio of -76.16 and a beta of 2.12. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Roku news, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of the sale, the chief accounting officer now owns 7,256 shares of the company’s stock, valued at $583,092.16. This trade represents a 20.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,308 shares of company stock worth $8,213,436. 13.98% of the stock is owned by company 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.