Allspring Global Investments Holdings LLC Buys 1,186 Shares of Roku, Inc. (NASDAQ:ROKU)

Allspring Global Investments Holdings LLC increased its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 53.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,393 shares of the company’s stock after purchasing an additional 1,186 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Roku were worth $253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 270 shares during the period. Raelipskie Partnership acquired a new stake in shares of Roku during the 3rd quarter worth approximately $32,000. GS Investments Inc. raised its stake 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 buying an additional 147 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Roku by 50.6% in the third quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock valued at $74,000 after buying an additional 333 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Roku by 24.9% in the fourth quarter. Fifth Third Bancorp now owns 1,119 shares of the company’s stock valued at $83,000 after acquiring an additional 223 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Activity

In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at $4,905,174.90. This represents a 1.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,193,100.32. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,421 shares of company stock worth $9,660,786 over the last ninety days. Insiders own 13.98% of the company’s stock.

Roku Price Performance

ROKU opened at $85.76 on Wednesday. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of -96.36 and a beta of 2.05. The business’s 50-day moving average price is $81.88 and its two-hundred day moving average price is $75.77. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. Sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of analyst reports. Benchmark increased their price target on Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JMP Securities increased their target price on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Citizens Jmp upgraded Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Macquarie reissued an “outperform” rating and set a $90.00 price objective on shares of Roku in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

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.