Fox Run Management L.L.C. Acquires New Shares in Roku, Inc. $ROKU

Fox Run Management L.L.C. acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,567 shares of the company’s stock, valued at approximately $1,472,000.

A number of other institutional investors have also recently bought and sold shares of ROKU. Jefferies Financial Group Inc. acquired a new stake in shares of Roku in the fourth quarter worth about $1,345,000. Holocene Advisors LP lifted its position in shares of Roku by 352.3% in the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after buying an additional 1,285,585 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Roku in the third quarter worth about $2,997,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of Roku in the fourth quarter worth about $2,398,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Roku in the third quarter worth about $5,466,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 75,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total value of $21,611,205.00. Following the transaction, the insider owned 11,131 shares in the company, valued at $1,168,755. This represents a 94.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 667,168 shares of company stock worth $75,218,573 over the last quarter. 13.45% of the stock is currently owned by company insiders.

Roku Stock Performance

NASDAQ ROKU opened at $123.57 on Tuesday. Roku, Inc. has a twelve month low of $73.91 and a twelve month high of $133.46. The stock has a market capitalization of $18.22 billion, a PE ratio of 92.91 and a beta of 2.06. The stock has a 50-day simple moving average of $116.01 and a 200 day simple moving average of $105.41.

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

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of analyst reports. KeyCorp boosted their price target on Roku from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Citigroup reaffirmed a “market outperform” rating on shares of Roku in a research report on Thursday, May 28th. Pivotal Research reaffirmed a “buy” rating and issued a $160.00 price target (up from $140.00) on shares of Roku in a research report on Friday, May 1st. Robert W. Baird boosted their price target on Roku from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company boosted their price target on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.29.

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.