Roku, Inc. (NASDAQ:ROKU) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,147,259 shares of the company's stock after purchasing an additional 56,820 shares during the period. Geode Capital Management LLC owned about 1.48% of Roku worth $159,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Weiss Asset Management LP purchased a new stake in shares of Roku in the third quarter valued at approximately $616,000. National Bank of Canada FI lifted its holdings in Roku by 11,626.3% in the third quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock valued at $11,259,000 after acquiring an additional 149,514 shares during the period. XTX Topco Ltd boosted its position in shares of Roku by 274.0% during the 3rd quarter. XTX Topco Ltd now owns 14,834 shares of the company's stock worth $1,108,000 after purchasing an additional 10,868 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Roku by 9.8% during the 3rd quarter. MML Investors Services LLC now owns 10,592 shares of the company's stock worth $791,000 after purchasing an additional 948 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Roku by 14.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 36,420 shares of the company's stock worth $2,719,000 after purchasing an additional 4,500 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

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Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total value of $2,198,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,333,486.34. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at $4,905,174.90. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,905 shares of company stock worth $6,638,056. Corporate insiders own 13.98% of the company's stock.

Roku Trading Up 1.6 %

Shares of Roku stock traded up $0.95 during trading hours on Friday, reaching $60.22. The stock had a trading volume of 5,282,089 shares, compared to its average volume of 3,803,043. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of -67.66 and a beta of 2.17. The firm has a 50 day simple moving average of $76.49 and a two-hundred day simple moving average of $76.57.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup upgraded shares of Roku from a "neutral" rating to an "outperform" rating in a research note on Sunday, March 23rd. Pivotal Research upgraded shares of Roku from a "hold" rating to a "buy" rating and lifted their price target for the company from $65.00 to $125.00 in a research report on Friday, February 14th. UBS Group upgraded Roku from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Citizens Jmp raised Roku to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Compass Point started coverage on Roku in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.70.

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.