Andra AP fonden boosted its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 490,600 shares of the company's stock after buying an additional 24,600 shares during the quarter. Andra AP fonden owned 0.34% of Roku worth $36,471,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its position in Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company's stock worth $1,087,824,000 after buying an additional 244,793 shares during the last quarter. Holocene Advisors LP acquired a new position in Roku in the third quarter worth approximately $129,015,000. Westfield Capital Management Co. LP grew its position in Roku by 126.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company's stock worth $114,646,000 after buying an additional 856,401 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Roku by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock worth $73,661,000 after buying an additional 34,898 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in Roku by 352.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock worth $48,653,000 after purchasing an additional 507,643 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.
Shares of ROKU stock opened at $79.60 on Friday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The firm's 50 day moving average is $82.30 and its 200-day moving average is $76.74. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of -89.44 and a beta of 2.12.
Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the stock. Citigroup lifted their price objective on shares of Roku from $70.00 to $103.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Citizens Jmp upgraded shares of Roku to a "strong-buy" rating in a report on Tuesday, January 21st. Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $74.00 to $129.00 in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of Roku from $92.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Baird R W raised shares of Roku from a "hold" rating to a "strong-buy" rating 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.71.
Check Out Our Latest Analysis on ROKU
In other Roku news, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares in the company, valued at approximately $583,092.16. This trade represents a 20.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction 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 approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,308 shares of company stock worth $10,362,166 over the last ninety days. Company insiders own 13.98% of the company's stock.
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.
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