Rockefeller Capital Management L.P. Has $21.01 Million Stock Position in Roku, Inc. (NASDAQ:ROKU)

Rockefeller Capital Management L.P. trimmed its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 282,614 shares of the company's stock after selling 222,815 shares during the period. Rockefeller Capital Management L.P. owned about 0.19% of Roku worth $21,010,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. MML Investors Services LLC boosted its position in shares of Roku by 9.8% during the third quarter. MML Investors Services LLC now owns 10,592 shares of the company's stock valued at $791,000 after buying an additional 948 shares during the last quarter. M&T Bank Corp grew its stake in Roku by 19.1% during the third quarter. M&T Bank Corp now owns 7,024 shares of the company's stock valued at $525,000 after acquiring an additional 1,126 shares in the last quarter. Franklin Resources Inc. boosted its stake in Roku by 14.5% during the third quarter. Franklin Resources Inc. now owns 82,170 shares of the company's stock valued at $6,275,000 after buying an additional 10,416 shares during the last quarter. Everence Capital Management Inc. bought a new position in Roku during the fourth quarter valued at $350,000. Finally, Oak Thistle LLC bought a new stake in Roku during the fourth quarter worth approximately $823,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Trading Up 0.1 %

Roku stock traded up $0.06 during mid-day trading on Friday, reaching $58.46. The company's stock had a trading volume of 2,568,091 shares, compared to its average volume of 3,798,898. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The business has a 50 day moving average price of $74.56 and a 200-day moving average price of $76.13. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of -65.69 and a beta of 2.17.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, equities analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 4,600 shares of the company'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 value of $345,000.00. Following the transaction, the chief executive officer now owns 6,243 shares in the company, valued at approximately $468,225. This represents a 42.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew C. Banks sold 1,906 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at $583,092.16. This trade represents a 20.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,905 shares of company stock worth $6,560,876 in the last three months. 13.98% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ROKU has been the subject of a number of recent analyst reports. FBN Securities began coverage on Roku in a report on Friday, March 28th. They set an "outperform" rating and a $93.00 price objective for the company. Piper Sandler started coverage on Roku in a research report on Thursday. They set a "neutral" rating and a $65.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Pivotal Research upgraded Roku from a "hold" rating to a "buy" rating and raised their target price for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. Finally, Redburn Atlantic upgraded shares of Roku from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.11.

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.