AGF Management Ltd. Purchases New Holdings in Roku, Inc. $ROKU

AGF Management Ltd. acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 150,030 shares of the company’s stock, valued at approximately $15,023,000.

Several other large investors also recently modified their holdings of ROKU. Westfuller Advisors LLC acquired a new position in shares of Roku in the 3rd quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new position in Roku during the third quarter valued at approximately $33,000. Rakuten Securities Inc. lifted its stake in Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after purchasing an additional 158 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Roku by 327.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock valued at $40,000 after purchasing an additional 350 shares in the last quarter. Finally, Bogart Wealth LLC raised its holdings in shares of Roku by 234.1% during the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock worth $41,000 after buying an additional 323 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roku

In other news, CFO Dan Jedda sold 3,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $107.56, for a total transaction of $322,680.00. Following the transaction, the chief financial officer owned 87,267 shares in the company, valued at approximately $9,386,438.52. This represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew C. Banks sold 729 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $109.04, for a total transaction of $79,490.16. Following the transaction, the chief accounting officer directly owned 5,825 shares in the company, valued at $635,158. This trade represents a 11.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 234,790 shares of company stock valued at $24,898,519 over the last ninety days. Insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ROKU shares. Arete Research set a $132.00 price target on shares of Roku and gave the company a “buy” rating in a report on Monday, January 5th. KeyCorp reiterated an “overweight” rating and set a $116.00 price target on shares of Roku in a report on Tuesday, October 28th. Piper Sandler raised Roku from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $88.00 to $135.00 in a report on Monday, November 3rd. UBS Group upped their target price on Roku from $95.00 to $103.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, Morgan Stanley set a $135.00 price target on Roku and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Twenty-two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $118.79.

Roku Stock Up 1.0%

Shares of NASDAQ ROKU opened at $96.18 on Tuesday. The company has a market capitalization of $14.21 billion, a PE ratio of -480.88 and a beta of 1.99. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66. The firm has a fifty day simple moving average of $105.29 and a 200 day simple moving average of $99.13.

Roku Company 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.