Guggenheim Capital LLC Has $1.08 Million Position in Roku, Inc. (NASDAQ:ROKU)

Guggenheim Capital LLC lifted its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 108.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,475 shares of the company's stock after buying an additional 7,518 shares during the period. Guggenheim Capital LLC's holdings in Roku were worth $1,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its stake in Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after acquiring an additional 4,613,570 shares in the last quarter. FIL Ltd purchased a new position in Roku during the fourth quarter valued at approximately $29,559,000. Renaissance Technologies LLC grew its position in Roku by 38.0% during the fourth 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 in the last quarter. Jupiter Asset Management Ltd. increased its stake in Roku by 164.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 506,351 shares of the company's stock valued at $37,642,000 after buying an additional 314,931 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Roku by 265.4% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insider Activity

In other news, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares in the company, valued at approximately $583,092.16. The trade was a 20.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at $2,333,486.34. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,905 shares of company stock worth $6,560,876. Company insiders own 13.98% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ROKU shares. Compass Point initiated coverage on shares of Roku in a research note on Sunday, March 23rd. They issued a "buy" rating on the stock. UBS Group dropped their target price on Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Benchmark reaffirmed a "buy" rating and set a $130.00 price target on shares of Roku in a research note on Monday. Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. Finally, JMP Securities lifted their target price on shares of Roku from $95.00 to $115.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.37.

Roku Price Performance

NASDAQ:ROKU opened at $59.23 on Wednesday. The stock has a market cap of $8.64 billion, a P/E ratio of -66.55 and a beta of 2.17. The company has a fifty day moving average price of $73.01 and a 200 day moving average price of $75.81. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results 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. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.15 billion. As a group, equities research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

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.

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