TCW Group Inc. Has $2.17 Million Holdings in Roku, Inc. (NASDAQ:ROKU)

TCW Group Inc. decreased its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 40.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,179 shares of the company's stock after selling 19,743 shares during the quarter. TCW Group Inc.'s holdings in Roku were worth $2,169,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. FMR LLC lifted its position in shares of Roku by 1.7% during the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company's stock valued at $1,087,824,000 after acquiring an additional 244,793 shares during the last quarter. Holocene Advisors LP acquired a new stake in Roku during the 3rd quarter worth about $129,015,000. Westfield Capital Management Co. LP boosted its holdings in shares of Roku by 126.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company's stock worth $114,646,000 after buying an additional 856,401 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Roku by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company's stock worth $71,373,000 after acquiring an additional 30,038 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings 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 valued at $48,653,000 after acquiring an additional 507,643 shares during the period. Institutional investors own 86.30% of the company's stock.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the transaction, the chief financial officer now owns 63,555 shares in the company, valued at approximately $4,905,174.90. This trade represents a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $2,510,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,664,415.20. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,421 shares of company stock worth $9,660,786. 13.98% of the stock is owned by insiders.

Roku Price Performance

NASDAQ ROKU traded up $2.02 during trading on Friday, reaching $83.51. 3,052,649 shares of the company's stock were exchanged, compared to its average volume of 3,706,469. The business has a 50 day moving average price of $82.08 and a 200-day moving average price of $75.88. The stock has a market capitalization of $12.19 billion, a P/E ratio of -93.83 and a beta of 2.05. 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 posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ROKU. Bank of America upped their target price on Roku from $90.00 to $120.00 and gave the company a "buy" rating in a report on Friday, February 14th. Moffett Nathanson lowered shares of Roku from a "neutral" rating to a "sell" rating and set a $55.00 price objective on the stock. in a research note on Friday, January 10th. Rosenblatt Securities reissued a "neutral" rating and set a $86.00 target price on shares of Roku in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Roku in a research note on Tuesday, January 7th. Finally, UBS Group increased their price objective on Roku from $73.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.00.

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.