Baillie Gifford & Co. Lowers Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Baillie Gifford & Co. cut its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,898,481 shares of the company's stock after selling 106,885 shares during the quarter. Baillie Gifford & Co. owned about 2.00% of Roku worth $216,401,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ROKU. Canada Pension Plan Investment Board boosted its stake in Roku by 138.1% in the 1st 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 during the period. AQR Capital Management LLC lifted its position in shares of Roku by 645.3% during the 2nd quarter. AQR Capital Management LLC now owns 221,557 shares of the company's stock valued at $13,278,000 after acquiring an additional 191,831 shares during the period. ARK Investment Management LLC lifted its position in shares of Roku by 1.3% during the 2nd quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company's stock valued at $762,096,000 after acquiring an additional 159,785 shares during the period. Andra AP fonden lifted its position in shares of Roku by 116.6% during the 2nd quarter. Andra AP fonden now owns 293,900 shares of the company's stock valued at $17,613,000 after acquiring an additional 158,200 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Roku by 6,522.2% during the 1st quarter. Acadian Asset Management LLC now owns 157,409 shares of the company's stock valued at $10,252,000 after acquiring an additional 155,032 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Roku Trading Down 1.0 %

Shares of ROKU stock traded down $0.74 during midday trading on Tuesday, reaching $76.38. 1,405,280 shares of the stock were exchanged, compared to its average volume of 4,423,950. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The company's 50 day moving average is $73.47 and its two-hundred day moving average is $64.19. The firm has a market cap of $11.09 billion, a PE ratio of -63.97 and a beta of 2.07.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Roku's revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted ($2.33) EPS. As a group, equities analysts expect that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup upped their target price on Roku from $60.00 to $77.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Benchmark reiterated a "buy" rating and set a $105.00 target price on shares of Roku in a research report on Thursday, September 12th. Macquarie reiterated an "outperform" rating and set a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. Loop Capital upped their price objective on Roku from $65.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Finally, Piper Sandler upped their price objective on Roku from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Roku currently has a consensus rating of "Hold" and a consensus target price of $83.95.

Insider Activity at Roku

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the firm's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the sale, the insider now 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 Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the transaction, 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 filing with the SEC, which is available through this link. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00. Following the completion of the transaction, the chief financial officer now directly owns 53,267 shares in the company, valued at $4,061,608.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,776 shares of company stock valued at $5,267,305. Insiders own 13.98% of the company's stock.

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.