Russell Investments Group Ltd. Acquires 192,520 Shares of Roku, Inc. (NASDAQ:ROKU)

Russell Investments Group Ltd. increased its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 265.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,062 shares of the company's stock after purchasing an additional 192,520 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of Roku worth $19,715,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jupiter Asset Management Ltd. increased its holdings in Roku by 164.5% during the fourth quarter. Jupiter Asset Management Ltd. now owns 506,351 shares of the company's stock valued at $37,642,000 after buying an additional 314,931 shares during the last quarter. Vanguard Group Inc. raised its holdings in Roku by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock worth $910,597,000 after purchasing an additional 185,676 shares during the period. National Bank of Canada FI lifted its position in Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock valued at $11,259,000 after purchasing an additional 149,514 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Roku during the fourth quarter valued at about $7,485,000. Finally, Principal Financial Group Inc. increased its position in Roku by 1,107.2% in the fourth quarter. Principal Financial Group Inc. now owns 103,032 shares of the company's stock worth $7,659,000 after buying an additional 94,497 shares in the last quarter. Institutional investors own 86.30% of the company's stock.

Wall Street Analyst Weigh In

ROKU has been the topic of a number of analyst reports. Pivotal Research raised Roku from a "hold" rating to a "buy" rating and lifted their price objective for the company from $65.00 to $125.00 in a research report on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. FBN Securities started coverage on Roku in a research note on Friday, March 28th. They issued an "outperform" rating and a $93.00 price objective for the company. Wells Fargo & Company raised shares of Roku from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $74.00 to $129.00 in a research note on Friday, February 14th. Finally, Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $95.33.

Roku Trading Up 0.3 %

NASDAQ ROKU traded up $0.17 during mid-day trading on Monday, reaching $60.39. 1,108,459 shares of the company's stock traded hands, compared to its average volume of 3,795,665. The company has a market cap of $8.81 billion, a price-to-earnings ratio of -67.85 and a beta of 2.17. The company has a fifty day simple moving average of $76.49 and a 200-day simple moving average of $76.59. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. The company had revenue of $1.20 billion during 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%. Equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of 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 sold a total of 72,905 shares of company stock worth $6,638,056 over the last 90 days. 13.98% of the stock is currently owned by company insiders.

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.