Robeco Institutional Asset Management B.V. Purchases 47,006 Shares of Roku, Inc. (NASDAQ:ROKU)

Robeco Institutional Asset Management B.V. lifted its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 56.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,985 shares of the company's stock after buying an additional 47,006 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Roku worth $9,737,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in Roku by 1.7% during the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company's stock worth $1,087,824,000 after acquiring an additional 244,793 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Roku in the third quarter worth $129,015,000. Westfield Capital Management Co. LP raised its holdings in Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company's stock valued at $114,646,000 after buying an additional 856,401 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Roku by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company's stock valued at $71,373,000 after buying an additional 30,038 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Roku by 352.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock valued at $48,653,000 after buying an additional 507,643 shares during the period. Institutional investors own 86.30% of the company's stock.

Roku Price Performance

NASDAQ ROKU traded up $1.49 during trading hours on Wednesday, hitting $81.65. The company's stock had a trading volume of 2,096,680 shares, compared to its average volume of 2,777,395. The company's 50 day simple moving average is $79.25 and its two-hundred day simple moving average is $72.42. The company has a market cap of $11.86 billion, a P/E ratio of -68.04 and a beta of 2.05. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $99.80.

Analyst Ratings Changes

Several equities analysts have recently commented on ROKU shares. Citizens Jmp raised shares of Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. Macquarie reiterated an "outperform" rating and issued a $90.00 price objective on shares of Roku in a report on Thursday, October 31st. Wedbush reissued an "outperform" rating and set a $100.00 target price on shares of Roku in a research note on Wednesday, January 8th. Morgan Stanley lifted their price target on shares of Roku from $60.00 to $65.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Finally, UBS Group started coverage on shares of Roku in a report on Friday, November 22nd. They issued a "neutral" rating and a $73.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.18.

Insider Activity at Roku

In related news, CAO Matthew C. Banks sold 8,693 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the completion of the transaction, the chief accounting officer now owns 7,264 shares of the company's stock, valued at approximately $518,940.16. This represents a 54.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charles Collier sold 10,771 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the transaction, the insider now owns 3,790 shares in the company, valued at $269,620.60. The trade was a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,885 shares of company stock worth $5,712,912 over the last quarter. Company insiders own 13.98% of the company's stock.

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.