Harvest Fund Management Co. Ltd Buys 491 Shares of Roku, Inc. (NASDAQ:ROKU)

Harvest Fund Management Co. Ltd boosted its stake in Roku, Inc. (NASDAQ:ROKU) by 4,091.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 503 shares of the company’s stock after acquiring an additional 491 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Roku were worth $37,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after purchasing an additional 121 shares during the last quarter. True Vision MN LLC raised its stake in shares of Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares during the last quarter. Richard W. Paul & Associates LLC boosted its position in shares of Roku by 1.1% during the fourth 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 grew its holdings in Roku by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock worth $287,000 after buying an additional 191 shares in the last quarter. Finally, PFG Investments LLC raised its position in 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 and hedge funds own 86.30% of the company’s stock.

Roku Price Performance

Shares of ROKU stock opened at $78.29 on Monday. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of -87.97 and a beta of 2.12. The company’s fifty day simple moving average is $80.89 and its two-hundred day simple moving average is $77.32. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

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

Insider Activity

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. This represents a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles Collier sold 7,181 shares of the business’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 transaction, the insider now directly owns 7,380 shares of the company’s stock, valued at $577,485. The trade was a 49.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,908 shares of company stock worth $8,633,436. 13.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Citigroup upgraded Roku from a “neutral” rating to an “outperform” rating in a research note on Sunday. 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 report on Friday, February 14th. Finally, Loop Capital boosted their price objective on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.71.

About Roku

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.