Charles Schwab Investment Management Inc. Acquires 34,898 Shares of Roku, Inc. (NASDAQ:ROKU)

Charles Schwab Investment Management Inc. raised its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 990,867 shares of the company's stock after buying an additional 34,898 shares during the period. Charles Schwab Investment Management Inc. owned about 0.68% of Roku worth $73,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC raised its stake in Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company's stock valued at $1,087,824,000 after buying an additional 244,793 shares during the period. Holocene Advisors LP bought a new stake in Roku in the third quarter valued at approximately $129,015,000. Westfield Capital Management Co. LP increased its stake in shares of Roku by 126.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company's stock worth $114,646,000 after purchasing an additional 856,401 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Roku by 352.5% during the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock worth $48,653,000 after purchasing an additional 507,643 shares during the period. Finally, JAT Capital Mgmt LP increased its stake in shares of Roku by 470.2% during the third quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company's stock worth $40,359,000 after purchasing an additional 445,777 shares during the period. Institutional investors own 86.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ROKU shares. Wells Fargo & Company upgraded Roku from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Rosenblatt Securities reiterated a "neutral" rating and set a $86.00 target price on shares of Roku in a research note on Thursday, February 13th. Citizens Jmp upgraded Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. Wedbush reiterated an "outperform" rating and set a $100.00 target price on shares of Roku in a research note on Monday, February 10th. Finally, JMP Securities increased their target price on Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $96.71.

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Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now owns 26,538 shares of the company's stock, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the sale, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. This trade represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,308 shares of company stock valued at $8,296,166 in the last 90 days. 13.98% of the stock is owned by corporate insiders.

Roku Stock Performance

Shares of ROKU stock opened at $69.64 on Wednesday. The stock's fifty day moving average price is $82.12 and its two-hundred day moving average price is $77.12. The company has a market cap of $10.16 billion, a PE ratio of -78.25 and a beta of 2.12. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion for 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, equities analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

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.

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