Roku, Inc. (NASDAQ:ROKU) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,631 shares of the company's stock after selling 22,924 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Roku were worth $5,353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ROKU. FMR LLC grew its holdings in Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after acquiring an additional 4,613,570 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Roku by 663.9% during the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after purchasing an additional 2,030,036 shares during the period. FIL Ltd bought a new stake in shares of Roku in the fourth quarter worth about $29,559,000. Renaissance Technologies LLC increased its holdings in Roku by 38.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,296,900 shares of the company's stock valued at $96,412,000 after purchasing an additional 357,100 shares during the period. Finally, Jupiter Asset Management Ltd. raised its position in Roku by 164.5% during the 4th 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 during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Charles Collier sold 7,181 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total transaction of $561,913.25. Following the transaction, the insider now directly owns 7,380 shares in the company, valued at $577,485. The trade was a 49.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dan Jedda sold 1,000 shares of the firm'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 $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 approximately $5,163,225. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,905 shares of company stock worth $6,560,876 over the last 90 days. Company insiders own 13.98% of the company's stock.

Roku Price Performance

Shares of NASDAQ:ROKU traded up $2.43 during trading on Monday, reaching $68.14. 3,561,396 shares of the company were exchanged, compared to its average volume of 3,715,514. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a market capitalization of $9.94 billion, a PE ratio of -76.56 and a beta of 2.17. The business's fifty day simple moving average is $70.99 and its 200-day simple moving average is $75.52.

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

Analyst Ratings Changes

ROKU has been the topic of a number of recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $95.00 price objective on shares of Roku in a research report on Thursday. Wells Fargo & Company cut their price target on shares of Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a report on Monday. Jefferies Financial Group upgraded shares of Roku from an "underperform" rating to a "hold" rating and upped their price objective for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. Compass Point initiated coverage on shares of Roku in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Finally, Piper Sandler initiated coverage on shares of Roku in a research report on Thursday, April 17th. They set a "neutral" rating and a $65.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Roku has a consensus rating of "Moderate Buy" and a consensus price target of $89.93.

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.