Dimensional Fund Advisors LP Has $29.77 Million Position in Roku, Inc. (NASDAQ:ROKU)

Dimensional Fund Advisors LP trimmed its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 23.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 496,699 shares of the company's stock after selling 150,934 shares during the period. Dimensional Fund Advisors LP owned 0.34% of Roku worth $29,765,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ROKU. Orion Portfolio Solutions LLC bought a new stake in Roku during the fourth quarter worth approximately $498,000. Parallel Advisors LLC increased its position in Roku by 59.6% during the fourth quarter. Parallel Advisors LLC now owns 1,692 shares of the company's stock worth $155,000 after acquiring an additional 632 shares during the period. TD Asset Management Inc boosted its holdings in Roku by 17.9% in the 4th quarter. TD Asset Management Inc now owns 22,142 shares of the company's stock valued at $2,030,000 after purchasing an additional 3,369 shares during the period. Bank of Nova Scotia bought a new stake in shares of Roku in the fourth quarter valued at about $241,000. Finally, California State Teachers Retirement System grew its position in Roku by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 194,916 shares of the company's stock worth $17,866,000 after buying an additional 3,207 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the transaction, the chief financial officer now directly owns 54,267 shares in the company, valued at approximately $4,087,933.11. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares of the company's stock, valued at $4,087,933.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares of the company's stock, valued at approximately $376,500. The disclosure for this sale can be found here. Insiders sold a total of 47,156 shares of company stock worth $3,481,100 over the last 90 days. 13.98% of the stock is owned by insiders.

Roku Stock Performance

ROKU traded up $1.27 during midday trading on Thursday, hitting $75.45. The company had a trading volume of 2,017,836 shares, compared to its average volume of 4,501,179. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $108.84. The firm's 50-day simple moving average is $65.30 and its 200-day simple moving average is $61.74. The company has a market capitalization of $10.92 billion, a PE ratio of -18.83 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The firm had revenue of $968.18 million during the quarter, compared to analysts' expectations of $937.78 million. During the same quarter in the previous year, the company posted ($0.76) EPS. Roku's revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Roku, Inc. will post -1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ROKU. JPMorgan Chase & Co. raised their price objective on Roku from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 18th. Wedbush restated an "outperform" rating and issued a $75.00 price objective on shares of Roku in a research note on Friday, August 2nd. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Roku in a research report on Friday, September 13th. Bank of America increased their price target on shares of Roku from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Guggenheim raised Roku from a "neutral" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $81.14.

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.