Marshall Wace LLP Buys 2,030,036 Shares of Roku, Inc. (NASDAQ:ROKU)

Marshall Wace LLP increased its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 663.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,335,813 shares of the company's stock after purchasing an additional 2,030,036 shares during the quarter. Marshall Wace LLP owned approximately 1.61% of Roku worth $173,644,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ROKU. MML Investors Services LLC lifted its holdings in Roku by 9.8% during the 3rd quarter. MML Investors Services LLC now owns 10,592 shares of the company's stock worth $791,000 after buying an additional 948 shares in the last quarter. M&T Bank Corp raised its holdings in Roku by 19.1% in the third quarter. M&T Bank Corp now owns 7,024 shares of the company's stock worth $525,000 after purchasing an additional 1,126 shares during the period. Franklin Resources Inc. boosted its position in shares of Roku by 14.5% during the third quarter. Franklin Resources Inc. now owns 82,170 shares of the company's stock worth $6,275,000 after purchasing an additional 10,416 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Roku in the 4th quarter valued at $350,000. Finally, Oak Thistle LLC acquired a new position in shares of Roku in the 4th quarter valued at $823,000. Institutional investors own 86.30% of the company's stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of several recent analyst reports. Wells Fargo & Company upgraded Roku from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $74.00 to $129.00 in a report on Friday, February 14th. Piper Sandler assumed coverage on Roku in a report on Thursday. They set a "neutral" rating and a $65.00 price objective on the stock. Moffett Nathanson upgraded Roku from a "sell" rating to a "neutral" rating and set a $70.00 price objective for the company in a research report on Tuesday, March 4th. Benchmark lifted their price target on shares of Roku from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Compass Point initiated coverage on shares of Roku in a report on Sunday, March 23rd. They set a "buy" rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $94.11.

Roku Stock Performance

ROKU traded up $0.06 on Friday, reaching $58.46. The company had a trading volume of 2,568,091 shares, compared to its average volume of 3,802,449. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The stock has a market cap of $8.53 billion, a P/E ratio of -65.69 and a beta of 2.17. The company's fifty day moving average is $74.07 and its 200 day moving average is $76.04.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly 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. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insider Transactions at Roku

In other Roku news, CEO Anthony J. Wood sold 4,600 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the sale, the chief executive officer now directly owns 6,243 shares of the company's stock, valued at $468,225. The trade was a 42.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dan Jedda sold 5,000 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00. Following the transaction, the chief financial officer now directly owns 58,555 shares of the company's stock, valued at $5,878,922. The trade was a 7.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,905 shares of company stock valued at $6,560,876. 13.98% of the stock is currently owned by insiders.

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.