Vanguard Group Inc. Boosts Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Vanguard Group Inc. grew its position in Roku, Inc. (NASDAQ:ROKU) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,249,091 shares of the company’s stock after acquiring an additional 185,676 shares during the quarter. Vanguard Group Inc. owned about 8.44% of Roku worth $910,597,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ROKU. Geneos Wealth Management Inc. raised its stake in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Roku during the fourth quarter worth $30,000. Raelipskie Partnership acquired a new stake in shares of Roku in the third quarter valued at about $32,000. Game Plan Financial Advisors LLC purchased a new position in shares of Roku in the fourth quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after acquiring an additional 491 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Price Performance

NASDAQ ROKU opened at $72.49 on Friday. The company has a market cap of $10.58 billion, a P/E ratio of -81.45 and a beta of 2.12. The stock has a 50-day moving average of $81.10 and a two-hundred day moving average of $77.59. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96.

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

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,116,936.26. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charles Collier sold 7,181 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the sale, the insider now directly owns 7,380 shares in the company, valued at $577,485. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,908 shares of company stock valued at $8,633,436. 13.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on ROKU shares. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. Bank of America began coverage on Roku in a report on Thursday. They issued a “buy” rating and a $100.00 price target for the company. Citizens Jmp upgraded Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. Finally, Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $125.00 in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.55.

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.