Westfield Capital Management Co. LP Has $114.65 Million Holdings in Roku, Inc. (NASDAQ:ROKU)

Westfield Capital Management Co. LP grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 126.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,535,576 shares of the company’s stock after acquiring an additional 856,401 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Roku were worth $114,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROKU. Algert Global LLC grew its holdings in shares of Roku by 26.5% during the 3rd quarter. Algert Global LLC now owns 69,777 shares of the company’s stock valued at $5,210,000 after purchasing an additional 14,600 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Roku by 11.1% during the third quarter. Cerity Partners LLC now owns 26,534 shares of the company’s stock worth $1,981,000 after buying an additional 2,644 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Roku by 73.0% during the third quarter. Citigroup Inc. now owns 101,529 shares of the company’s stock worth $7,580,000 after buying an additional 42,837 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Roku by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock valued at $71,373,000 after acquiring an additional 30,038 shares during the last quarter. Finally, GS Investments Inc. boosted its holdings in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $77.20, for a total value of $1,930,000.00. Following the transaction, the chief executive officer now owns 5,020 shares of the company’s stock, valued at approximately $387,544. This trade represents a 83.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the sale, the chief financial officer now directly owns 54,267 shares of the company’s stock, valued at $4,087,933.11. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,240 shares of company stock valued at $6,729,582. Company insiders own 13.98% of the company’s stock.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Thursday, October 31st. Jefferies Financial Group dropped their price objective 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. Morgan Stanley boosted their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target for the company in a research note on Thursday, September 12th. Finally, Citigroup lifted their price target on shares of Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Roku Trading Up 0.8 %

NASDAQ:ROKU opened at $69.20 on Friday. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $108.84. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of -57.67 and a beta of 2.07. The firm has a fifty day simple moving average of $74.45 and a two-hundred day simple moving average of $65.06.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted ($2.33) EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities analysts predict that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

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.