Quadrature Capital Ltd Buys Shares of 391,100 Roku, Inc. (NASDAQ:ROKU)

Quadrature Capital Ltd bought 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 and Exchange Commission (SEC). The institutional investor bought 391,100 shares of the company’s stock, valued at approximately $35,856,000. Quadrature Capital Ltd owned about 0.27% of Roku at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harbour Investments Inc. increased its holdings in shares of Roku by 3.3% in the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock valued at $247,000 after purchasing an additional 113 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Roku by 0.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after acquiring an additional 117 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Roku by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after acquiring an additional 150 shares during the period. Spire Wealth Management boosted its position in shares of Roku by 35.3% during the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the period. Finally, Amalgamated Bank boosted its position in shares of Roku by 1.0% during the fourth quarter. Amalgamated Bank now owns 19,820 shares of the company’s stock worth $1,817,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ROKU. Citigroup lowered their price target on Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Friday, May 17th. Seaport Res Ptn upgraded Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Wedbush decreased their target price on Roku from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, Stephens reiterated an “overweight” rating and issued a $105.00 target price on shares of Roku in a report on Friday, February 16th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Roku presently has an average rating of “Hold” and an average price target of $82.50.

Roku Stock Performance

Shares of NASDAQ ROKU traded down $0.62 during midday trading on Friday, reaching $57.35. 2,722,771 shares of the company were exchanged, compared to its average volume of 3,005,906. Roku, Inc. has a 1 year low of $55.01 and a 1 year high of $108.84. The stock has a fifty day simple moving average of $59.39 and a 200 day simple moving average of $75.43.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same quarter last year, the company posted ($1.38) earnings per share. The business’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts expect that Roku, Inc. will post -1.94 earnings per share for the current year.

Insider Buying and Selling at Roku

In other Roku news, SVP Stephen H. Kay sold 3,322 shares of Roku stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total value of $189,652.98. Following the sale, the senior vice president now owns 82,036 shares of the company’s stock, valued at approximately $4,683,435.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roku news, insider Charles Collier sold 7,181 shares of Roku stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total value of $409,532.43. Following the sale, the insider now owns 15,654 shares of the company’s stock, valued at approximately $892,747.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen H. Kay sold 3,322 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total value of $189,652.98. Following the sale, the senior vice president now directly owns 82,036 shares in the company, valued at approximately $4,683,435.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,124 shares of company stock valued at $636,371. 13.98% of the stock is owned by corporate insiders.

Roku Company 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.