Mackenzie Financial Corp Acquires Shares of 11,051 Roku, Inc. (NASDAQ:ROKU)

Mackenzie Financial Corp purchased a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,051 shares of the company's stock, valued at approximately $662,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROKU. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Roku by 24.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company's stock valued at $478,939,000 after buying an additional 1,457,925 shares in the last quarter. Nikko Asset Management Americas Inc. increased its holdings in Roku by 25.8% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company's stock worth $462,108,000 after purchasing an additional 1,455,408 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Roku in the fourth quarter worth approximately $35,856,000. Vanguard Group Inc. lifted its holdings in shares of Roku by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company's stock valued at $1,086,533,000 after purchasing an additional 380,409 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Roku by 138.1% in the first quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company's stock valued at $22,314,000 after purchasing an additional 198,600 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now owns 5,020 shares of the company's stock, valued at approximately $376,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Gilbert Fuchsberg sold 1,693 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the sale, the insider now directly owns 38,602 shares of the company's stock, valued at $2,485,582.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,020 shares of the company's stock, valued at approximately $376,500. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,156 shares of company stock valued at $3,481,100. Corporate insiders own 13.98% of the company's stock.

Roku Price Performance

Shares of NASDAQ:ROKU traded up $0.44 during trading on Friday, hitting $75.89. 1,742,754 shares of the company were exchanged, compared to its average volume of 4,486,820. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84. The stock has a 50 day moving average of $66.00 and a 200 day moving average of $61.90. The company has a market cap of $10.94 billion, a PE ratio of -19.02 and a beta of 2.08.

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

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of analyst reports. Moffett Nathanson raised Roku from a "sell" rating to a "neutral" rating and set a $80.00 price target for the company in a research report on Tuesday. Citigroup increased their target price on shares of Roku from $60.00 to $77.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price target on shares of Roku from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, September 18th. Guggenheim upgraded shares of Roku from a "neutral" rating to a "buy" rating and set a $75.00 price objective for the company in a research note on Friday, August 23rd. Finally, Wolfe Research raised shares of Roku from a "peer perform" rating to an "outperform" rating and set a $93.00 target price on the stock in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $81.14.

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.