Fmr LLC Buys 244,793 Shares of Roku, Inc. (NASDAQ:ROKU)

Fmr LLC lifted its stake in Roku, Inc. (NASDAQ:ROKU) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,570,372 shares of the company’s stock after purchasing an additional 244,793 shares during the period. Fmr LLC owned 10.03% of Roku worth $1,087,824,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ROKU. Price T Rowe Associates Inc. MD boosted its position in shares of Roku by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 71,174 shares of the company’s stock valued at $4,640,000 after purchasing an additional 3,104 shares in the last quarter. California State Teachers Retirement System lifted its position in Roku by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 197,106 shares of the company’s stock valued at $12,845,000 after acquiring an additional 2,190 shares during the period. Plato Investment Management Ltd boosted its stake in Roku by 564.6% during the first quarter. Plato Investment Management Ltd now owns 3,044 shares of the company’s stock worth $198,000 after acquiring an additional 2,586 shares in the last quarter. Swedbank AB purchased a new stake in Roku in the first quarter worth about $1,180,000. Finally, Cetera Investment Advisers increased its stake in shares of Roku by 240.3% during the first quarter. Cetera Investment Advisers now owns 41,805 shares of the company’s stock valued at $2,724,000 after purchasing an additional 29,521 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

NASDAQ:ROKU opened at $67.71 on Thursday. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The business has a fifty day moving average price of $74.16 and a 200-day moving average price of $65.25. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -56.42 and a beta of 2.07.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business posted ($2.33) earnings per share. The business’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities research analysts expect that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.44, for a total value of $621,027.92. Following the completion of the sale, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $518,940.16. This represents a 54.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business’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 completion of the transaction, the chief executive officer now owns 5,020 shares in the company, valued at $387,544. The trade was a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,240 shares of company stock worth $6,729,582. Company insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ROKU. Morgan Stanley boosted their price target on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Jefferies Financial Group lowered their price target on Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Roku in a research report on Thursday, October 31st. Rosenblatt Securities lifted their target price on shares of Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and an average price target of $82.62.

Roku Company 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.