Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 3,200 Shares of Roku, Inc. (NASDAQ:ROKU)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in Roku, Inc. (NASDAQ:ROKU) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,100 shares of the company’s stock after selling 3,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Roku were worth $2,015,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Raelipskie Partnership acquired a new position in shares of Roku during the third quarter worth $32,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku during the fourth quarter worth $37,000. GS Investments Inc. lifted its holdings in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Roku by 52.8% during the fourth quarter. Allworth Financial LP now owns 634 shares of the company’s stock worth $50,000 after purchasing an additional 219 shares during the period. 86.30% of the stock is owned by institutional investors.

Roku Price Performance

NASDAQ:ROKU opened at $85.57 on Thursday. The firm has a 50-day moving average of $81.88 and a 200-day moving average of $75.77. The company has a market cap of $12.49 billion, a PE ratio of -96.15 and a beta of 2.05. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, equities research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Piper Sandler boosted their target price on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Finally, Pivotal Research upgraded shares of Roku from a “hold” rating to a “buy” rating and boosted their target price for the company from $65.00 to $125.00 in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, six have given 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $2,510,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,664,415.20. This represents a 48.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.73, for a total transaction of $82,730.00. Following the completion of the sale, the chief financial officer now directly owns 64,555 shares of the company’s stock, valued at $5,340,635.15. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,421 shares of company stock valued at $9,660,786. Corporate insiders own 13.98% of the company’s stock.

Roku 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.