Vanguard Group Inc. Increases Holdings in Roku, Inc. (NASDAQ:ROKU)

Vanguard Group Inc. grew its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,249,091 shares of the company's stock after acquiring an additional 185,676 shares during the quarter. Vanguard Group Inc. owned 8.44% of Roku worth $910,597,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ROKU. Charles Schwab Investment Management Inc. increased its position in shares of Roku by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company's stock worth $71,373,000 after acquiring an additional 30,038 shares in the last quarter. Citigroup Inc. increased its holdings in Roku by 73.0% during the 3rd quarter. Citigroup Inc. now owns 101,529 shares of the company's stock worth $7,580,000 after purchasing an additional 42,837 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Roku by 11.1% in the third quarter. Cerity Partners LLC now owns 26,534 shares of the company's stock valued at $1,981,000 after purchasing an additional 2,644 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Roku during the 3rd quarter worth approximately $95,000. Finally, Summit Partners Public Asset Management LLC bought a new stake in shares of Roku in the third quarter worth $896,000. 86.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ROKU shares. Needham & Company LLC restated a "buy" rating and set a $120.00 target price on shares of Roku in a report on Monday, March 24th. JPMorgan Chase & Co. lifted 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. JMP Securities upped their target price on Roku from $95.00 to $115.00 and gave the company a "market outperform" rating in a research report on Friday, February 14th. Benchmark upped their target price on Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $86.00 price target on shares of Roku in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $96.55.

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Roku Stock Down 2.5 %

ROKU traded down $1.81 during midday trading on Monday, hitting $70.69. The company had a trading volume of 1,721,571 shares, compared to its average volume of 3,704,858. The stock's 50 day moving average price is $81.10 and its 200 day moving average price is $77.72. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of -79.32 and a beta of 2.12. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling

In related news, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction 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 sale, the chief accounting officer now directly owns 7,256 shares in the company, valued at approximately $583,092.16. This trade represents a 20.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, the chief executive officer now owns 6,243 shares of the company's stock, valued at approximately $468,225. The trade was a 42.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,908 shares of company stock worth $8,633,436. 13.98% of the stock is owned by insiders.

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.