Leonteq Securities AG Buys New Stake in Roku, Inc. $ROKU

Leonteq Securities AG bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,413 shares of the company’s stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ROKU. AQR Capital Management LLC lifted its holdings in shares of Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after acquiring an additional 1,897,407 shares in the last quarter. Holocene Advisors LP lifted its holdings in shares of Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after acquiring an additional 1,285,585 shares in the last quarter. Duquesne Family Office LLC lifted its holdings in Roku by 123.0% in the 2nd quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock worth $96,723,000 after buying an additional 606,900 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Roku by 172.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 931,653 shares of the company’s stock worth $101,075,000 after buying an additional 590,286 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in Roku in the 3rd quarter worth $55,660,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer boosted their price objective on shares of Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Citizens Jmp boosted their price objective on shares of Roku from $160.00 to $170.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Roku in a report on Friday, May 15th. Stifel Nicolaus set a $160.00 price objective on shares of Roku in a report on Monday, March 2nd. Finally, Citigroup boosted their price objective on shares of Roku from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Roku has a consensus rating of “Moderate Buy” and an average price target of $143.42.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 725 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $125.52, for a total value of $91,002.00. Following the completion of the sale, the chief accounting officer owned 6,222 shares of the company’s stock, valued at approximately $780,985.44. The trade was a 10.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,538 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $124.23, for a total transaction of $2,551,435.74. Following the completion of the sale, the insider directly owned 7,700 shares of the company’s stock, valued at $956,571. The trade was a 72.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 692,038 shares of company stock worth $76,667,575. 13.45% of the stock is currently owned by insiders.

Roku Price Performance

Shares of ROKU stock opened at $125.55 on Friday. The company’s fifty day moving average price is $108.89 and its two-hundred day moving average price is $103.56. The firm has a market capitalization of $18.51 billion, a P/E ratio of 94.40 and a beta of 2.04. Roku, Inc. has a 12 month low of $67.67 and a 12 month high of $131.39.

Roku (NASDAQ:ROKU) last released its earnings results 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. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.19) EPS. On average, sell-side analysts anticipate that Roku, Inc. will post 2.41 EPS for the current year.

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.