Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Position in Roku, Inc. (NASDAQ:ROKU)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Roku, Inc. (NASDAQ:ROKUGet Rating) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,579 shares of the company’s stock after purchasing an additional 3,091 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Roku were worth $11,328,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in shares of Roku during the fourth quarter valued at about $388,000. Bridgewater Advisors Inc. lifted its position in shares of Roku by 16.9% during the fourth quarter. Bridgewater Advisors Inc. now owns 2,075 shares of the company’s stock valued at $474,000 after purchasing an additional 300 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Roku by 19.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,514 shares of the company’s stock valued at $6,963,000 after purchasing an additional 4,943 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its position in shares of Roku by 14.5% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 35,412 shares of the company’s stock valued at $8,081,000 after purchasing an additional 4,497 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Roku during the fourth quarter valued at about $822,000. 63.83% of the stock is currently owned by institutional investors.

ROKU has been the topic of a number of recent analyst reports. Wedbush dropped their price target on shares of Roku from $365.00 to $220.00 and set an “outperform” rating on the stock in a research report on Monday, February 14th. Citigroup decreased their price objective on shares of Roku from $250.00 to $225.00 and set a “buy” rating for the company in a report on Friday, March 25th. KeyCorp decreased their price objective on shares of Roku from $165.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, April 11th. Benchmark decreased their price objective on shares of Roku from $305.00 to $240.00 in a report on Thursday. Finally, Bank of America decreased their price objective on shares of Roku from $290.00 to $235.00 in a report on Friday, February 18th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $262.62.

Shares of NASDAQ:ROKU opened at $97.09 on Friday. The company has a 50 day moving average of $121.98 and a 200 day moving average of $195.51. The stock has a market cap of $13.14 billion, a P/E ratio of 56.78 and a beta of 1.85. Roku, Inc. has a 12 month low of $95.23 and a 12 month high of $490.76. The company has a current ratio of 4.19, a quick ratio of 4.12 and a debt-to-equity ratio of 0.03.

Roku (NASDAQ:ROKUGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.06 by $0.11. The company had revenue of $865.33 million during the quarter, compared to analysts’ expectations of $893.67 million. Roku had a net margin of 8.77% and a return on equity of 9.28%. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, equities analysts forecast that Roku, Inc. will post -1.21 earnings per share for the current fiscal year.

In other Roku news, CEO Anthony J. Wood sold 80,000 shares of Roku stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $164.22, for a total transaction of $13,137,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mustafa Ozgen sold 4,077 shares of Roku stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $129.30, for a total transaction of $527,156.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 245,946 shares of company stock valued at $38,185,674. 15.32% of the stock is owned by corporate insiders.

Roku Profile (Get Rating)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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