FormulaFolio Investments LLC Acquires New Shares in Roku, Inc. (NASDAQ:ROKU)

FormulaFolio Investments LLC acquired a new stake in Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,761 shares of the company’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in Roku during the 4th quarter valued at $25,000. Hanseatic Management Services Inc. purchased a new stake in Roku during the 4th quarter valued at $26,000. Winch Advisory Services LLC increased its stake in shares of Roku by 35.5% in the 4th quarter. Winch Advisory Services LLC now owns 84 shares of the company’s stock worth $28,000 after purchasing an additional 22 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of Roku in the 4th quarter worth $30,000. Finally, Sonora Investment Management LLC purchased a new stake in shares of Roku in the 4th quarter worth $33,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

In other Roku news, CEO Anthony J. Wood sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $438.18, for a total value of $131,454,000.00. Following the completion of the sale, the chief executive officer now directly owns 300,000 shares in the company, valued at $131,454,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mai Fyfield sold 306 shares of the firm’s stock in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $430.73, for a total transaction of $131,803.38. Following the completion of the sale, the director now owns 306 shares of the company’s stock, valued at $131,803.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 495,515 shares of company stock worth $211,613,877. 22.70% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:ROKU opened at $361.92 on Thursday. The firm has a market cap of $46.48 billion, a PE ratio of -430.86 and a beta of 1.95. The firm’s 50 day simple moving average is $367.68 and its 200-day simple moving average is $319.97. Roku, Inc. has a one year low of $87.52 and a one year high of $486.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 3.29.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.54. The company had revenue of $649.89 million for the quarter, compared to analyst estimates of $625.85 million. Roku had a negative net margin of 6.53% and a negative return on equity of 11.15%. Equities research analysts predict that Roku, Inc. will post -0.78 EPS for the current fiscal year.

Several research firms have recently commented on ROKU. KeyCorp upgraded Roku from a “sector weight” rating to an “overweight” rating and set a $518.00 price objective for the company in a research note on Tuesday, March 9th. Moffett Nathanson upped their price objective on Roku from $180.00 to $365.00 in a research note on Friday, January 15th. Zacks Investment Research upgraded Roku from a “hold” rating to a “buy” rating and set a $352.00 price target for the company in a research note on Wednesday, January 6th. Wedbush reiterated a “neutral” rating on shares of Roku in a research note on Friday, February 12th. Finally, Wells Fargo & Company increased their price target on Roku from $414.00 to $519.00 and gave the stock an “overweight” rating in a research note on Thursday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $385.38.

Roku Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. The company operates in two segment, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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