American Century Companies Inc. Raises Holdings in Roku, Inc. (NASDAQ:ROKU)

American Century Companies Inc. boosted its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 83.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,593 shares of the company's stock after buying an additional 22,600 shares during the period. American Century Companies Inc.'s holdings in Roku were worth $3,687,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Jupiter Asset Management Ltd. boosted its stake 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 worth $37,642,000 after acquiring an additional 314,931 shares during the last quarter. National Bank of Canada FI lifted its holdings in Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock valued at $11,259,000 after purchasing an additional 149,514 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Roku by 1,107.2% during the 4th quarter. Principal Financial Group Inc. now owns 103,032 shares of the company's stock worth $7,659,000 after purchasing an additional 94,497 shares during the last quarter. Amundi grew its holdings in shares of Roku by 50.4% during the fourth quarter. Amundi now owns 182,186 shares of the company's stock worth $13,544,000 after buying an additional 61,056 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of Roku by 21.1% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 293,715 shares of the company's stock valued at $21,174,000 after buying an additional 51,172 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

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Wall Street Analysts Forecast Growth

ROKU has been the subject of several research reports. JPMorgan Chase & Co. upped 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. Wedbush restated an "outperform" rating and issued a $100.00 price target on shares of Roku in a research report on Monday, February 10th. Needham & Company LLC reiterated a "buy" rating and set a $120.00 price objective on shares of Roku in a research report on Monday, March 24th. Pivotal Research raised Roku from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. Finally, Citigroup raised Roku from a "neutral" rating to an "outperform" rating in a research note on Sunday, March 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $96.70.

Roku Stock Performance

Shares of Roku stock traded down $4.59 during trading hours on Thursday, reaching $59.27. 5,501,816 shares of the company were exchanged, compared to its average volume of 3,790,980. The firm has a market cap of $8.65 billion, a PE ratio of -66.60 and a beta of 2.17. The stock's fifty day moving average is $76.89 and its 200 day moving average is $76.67. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

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 company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares of the company's stock, valued at approximately $468,225. This represents a 42.42 % decrease in their ownership of the stock. 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.