Roku, Inc. (NASDAQ:ROKU) Shares Purchased by Fmr LLC

Fmr LLC boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 31.7% in the 4th quarter, Holdings Channel reports. The fund owned 19,183,942 shares of the company’s stock after acquiring an additional 4,613,570 shares during the quarter. Fmr LLC owned 0.13% of Roku worth $1,426,134,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Jupiter Asset Management Ltd. grew its position in shares of Roku by 164.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 506,351 shares of the company’s stock valued at $37,642,000 after purchasing an additional 314,931 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Roku by 265.4% during the fourth quarter. Russell Investments Group Ltd. now owns 265,062 shares of the company’s stock worth $19,715,000 after buying an additional 192,520 shares during the last quarter. Vanguard Group Inc. grew its holdings in Roku by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock valued at $910,597,000 after buying an additional 185,676 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after acquiring an additional 149,514 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Roku during the 4th quarter worth $7,485,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Trading Down 8.3 %

Shares of NASDAQ ROKU opened at $55.28 on Monday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The stock has a market cap of $8.07 billion, a P/E ratio of -62.11 and a beta of 2.17. The business’s fifty day simple moving average is $79.65 and its 200-day simple moving average is $77.39.

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

Analysts Set New Price Targets

ROKU has been the subject of several recent analyst reports. Citigroup upgraded shares of Roku from a “neutral” rating to an “outperform” rating in a research report on Sunday, March 23rd. Bank of America assumed coverage on shares of Roku in a report on Thursday, March 27th. They set a “buy” rating and a $100.00 price target for the company. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $129.00 in a report on Friday, February 14th. Rosenblatt Securities reissued a “neutral” rating and set a $86.00 target price on shares of Roku in a research note on Thursday, February 13th. Finally, Benchmark upped their price target on Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $96.55.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares of the company’s stock, valued at $5,163,225. The trade was a 1.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now owns 6,243 shares in the company, valued at approximately $468,225. The trade was a 42.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock worth $8,632,306 in the last 90 days. Corporate insiders own 13.98% of the company’s stock.

About Roku

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.