Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 264.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,525 shares of the company’s stock after purchasing an additional 18,520 shares during the period. Entropy Technologies LP’s holdings in Roku were worth $1,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Roku by 900.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,000 shares of the company’s stock worth $75,000 after purchasing an additional 900 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Roku by 43.3% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,739 shares of the company’s stock valued at $1,026,000 after buying an additional 4,151 shares during the period. Cornerstone Wealth Management LLC purchased a new position in Roku during the 3rd quarter worth $212,000. Richard W. Paul & Associates LLC lifted its stake in shares of Roku by 27.3% in the 3rd quarter. Richard W. Paul & Associates LLC now owns 15,820 shares of the company’s stock worth $1,181,000 after acquiring an additional 3,395 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Roku by 227.7% in the third quarter. Blue Trust Inc. now owns 8,494 shares of the company’s stock valued at $634,000 after acquiring an additional 5,902 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Stock Performance

Shares of ROKU opened at $85.00 on Monday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $99.80. The company’s 50 day simple moving average is $79.84 and its 200 day simple moving average is $72.84. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of -70.83 and a beta of 2.05.

Analysts Set New Price Targets

ROKU has been the subject of a number of recent analyst reports. Macquarie restated an “outperform” rating and issued a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. Rosenblatt Securities lifted their price target on Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Citizens Jmp upgraded Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group cut their price target on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at $2,193,100.32. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charles Collier sold 10,771 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the transaction, the insider now owns 3,790 shares in the company, valued at approximately $269,620.60. The trade was a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,885 shares of company stock valued at $5,712,912 in the last quarter. 13.98% of the stock is currently owned by company insiders.

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.