Vanguard Group Inc. Has $910.60 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Vanguard Group Inc. raised its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,249,091 shares of the company's stock after purchasing an additional 185,676 shares during the quarter. Vanguard Group Inc. owned about 8.44% of Roku worth $910,597,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Holocene Advisors LP acquired a new stake in shares of Roku in the third quarter valued at about $129,015,000. Point72 Asset Management L.P. boosted its holdings in Roku by 352.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock worth $48,653,000 after acquiring an additional 507,643 shares during the period. JAT Capital Mgmt LP grew its position in Roku by 470.2% in the third quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company's stock valued at $40,359,000 after acquiring an additional 445,777 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of 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 purchasing an additional 314,931 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of Roku during the third quarter worth $16,006,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Performance

Shares of NASDAQ:ROKU traded up $0.16 during midday trading on Tuesday, reaching $70.60. The company had a trading volume of 3,019,946 shares, compared to its average volume of 3,710,005. The company has a fifty day simple moving average of $80.80 and a two-hundred day simple moving average of $77.67. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of -79.33 and a beta of 2.12. 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 released its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on ROKU shares. Bank of America initiated coverage on Roku in a research note on Thursday, March 27th. They set a "buy" rating and a $100.00 target price for the company. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Roku in a report on Monday, February 10th. Wells Fargo & Company upgraded Roku from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Rosenblatt Securities reissued a "neutral" rating and set a $86.00 price target on shares of Roku in a report on Thursday, February 13th. Finally, Pivotal Research upgraded shares of 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 note on Friday, February 14th. One 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Roku has a consensus rating of "Moderate Buy" and an average price target of $96.55.

Insider Buying and Selling at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the transaction, the chief financial officer now owns 63,555 shares of the company's stock, valued at $4,905,174.90. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,908 shares of company stock valued at $8,633,436 in the last three months. 13.98% of the stock is currently owned by company 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.