Baillie Gifford & Co. Sells 261,867 Shares of Roku, Inc. (NASDAQ:ROKU)

Baillie Gifford & Co. lowered its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,636,614 shares of the company's stock after selling 261,867 shares during the period. Baillie Gifford & Co. owned about 1.82% of Roku worth $196,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Entropy Technologies LP boosted its position in Roku by 264.4% in the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock worth $1,898,000 after purchasing an additional 18,520 shares during the last quarter. Holocene Advisors LP purchased a new position in Roku in the third quarter worth $129,015,000. Kessler Investment Group LLC lifted its position in shares of Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company's stock valued at $5,672,000 after buying an additional 13,590 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Roku by 11,626.3% during the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock valued at $11,259,000 after buying an additional 149,514 shares during the last quarter. Finally, EULAV Asset Management lifted its position in shares of Roku by 59.1% during the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company's stock valued at $13,663,000 after buying an additional 68,000 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ROKU shares. Citizens Jmp raised Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Robert W. Baird raised Roku from a "neutral" rating to an "outperform" rating and upped their price target for the company from $70.00 to $90.00 in a research report on Monday, November 18th. Piper Sandler upped their price target on Roku from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Jefferies Financial Group decreased their price objective on Roku from $60.00 to $55.00 and set an "underperform" rating on the stock in a research note on Friday, November 1st. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.62.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the transaction, the chief financial officer now owns 63,555 shares of the company's stock, valued at $4,905,174.90. This trade represents a 1.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,421 shares of company stock valued at $9,660,786. Corporate insiders own 13.98% of the company's stock.

Roku Trading Down 2.9 %

NASDAQ ROKU traded down $2.76 on Wednesday, hitting $93.04. The company's stock had a trading volume of 1,746,225 shares, compared to its average volume of 3,715,450. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The company's 50-day simple moving average is $80.86 and its 200 day simple moving average is $74.18. The firm has a market cap of $13.51 billion, a P/E ratio of -104.56 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.39% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, research analysts forecast that Roku, Inc. will post -0.8 EPS 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.