Amundi Purchases 61,056 Shares of Roku, Inc. (NASDAQ:ROKU)

Amundi raised its position in Roku, Inc. (NASDAQ:ROKU) by 50.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 182,186 shares of the company’s stock after acquiring an additional 61,056 shares during the period. Amundi’s holdings in Roku were worth $13,544,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ROKU. GS Investments Inc. boosted its holdings in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares during the last quarter. True Vision MN LLC boosted its holdings in shares of Roku by 3.1% in the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after buying an additional 152 shares during the last quarter. Richard W. Paul & Associates LLC boosted its holdings in shares of Roku by 1.1% in the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock valued at $1,189,000 after buying an additional 177 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Roku by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock valued at $287,000 after buying an additional 191 shares during the last quarter. Finally, PFG Investments LLC boosted its holdings in shares of Roku by 4.9% in the 4th quarter. PFG Investments LLC now owns 4,361 shares of the company’s stock valued at $324,000 after buying an additional 204 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $70.00 price objective for the company in a report on Tuesday, March 4th. Citigroup increased their price target on Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $74.00 to $129.00 in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price target on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and increased their price target for the company from $70.00 to $90.00 in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.71.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $67.78 on Friday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The stock has a market capitalization of $9.89 billion, a P/E ratio of -76.16 and a beta of 2.12. The stock’s fifty day moving average is $81.73 and its 200 day moving average is $77.00.

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

Insider Buying and Selling

In related news, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the sale, the insider now directly owns 7,380 shares of the company’s stock, valued at $577,485. This trade represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the sale, the chief financial officer now directly owns 64,555 shares in the company, valued at $5,340,635.15. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,308 shares of company stock worth $8,296,166. Company insiders own 13.98% of the company’s stock.

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.