Fmr LLC lifted its holdings in Roku Inc (NASDAQ:ROKU) by 12.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,108,246 shares of the company’s stock after purchasing an additional 767,418 shares during the period. Fmr LLC owned approximately 0.06% of Roku worth $458,553,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of ROKU. Baillie Gifford & Co. purchased a new position in shares of Roku in the first quarter worth about $117,951,000. Voloridge Investment Management LLC purchased a new position in shares of Roku in the fourth quarter worth about $19,471,000. Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of Roku in the first quarter worth about $40,282,000. Norges Bank purchased a new position in shares of Roku in the fourth quarter worth about $14,477,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Roku in the fourth quarter worth about $9,228,000. 50.49% of the stock is currently owned by hedge funds and other institutional investors.
In other Roku news, Director Ray A. Rothrock sold 50,000 shares of Roku stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $103.89, for a total transaction of $5,194,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeff Hastings sold 6,000 shares of Roku stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $56.20, for a total transaction of $337,200.00. The disclosure for this sale can be found here. Insiders have sold 718,053 shares of company stock worth $68,033,088 over the last ninety days. 22.70% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the stock. Rosenblatt Securities reissued a “neutral” rating on shares of Roku in a research note on Thursday, May 9th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target (up from $85.00) on shares of Roku in a research note on Wednesday, May 29th. Wedbush reissued a “neutral” rating and issued a $55.00 price target on shares of Roku in a research note on Monday, April 29th. Morgan Stanley raised their price target on shares of Roku from $46.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Finally, KeyCorp raised their price target on shares of Roku from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Roku presently has a consensus rating of “Buy” and a consensus price target of $80.51.
Shares of ROKU stock opened at $106.49 on Thursday. Roku Inc has a 12 month low of $26.30 and a 12 month high of $106.55. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of -1,331.13 and a beta of 2.43.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.15. Roku had a negative net margin of 1.47% and a negative return on equity of 4.60%. The company had revenue of $206.70 million for the quarter, compared to the consensus estimate of $189.80 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. Roku’s quarterly revenue was up 51.3% compared to the same quarter last year. As a group, equities analysts predict that Roku Inc will post -0.6 EPS for the current fiscal year.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
Featured Story: Stock Portfolio Tracker
Want to see what other hedge funds are holding ROKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roku Inc (NASDAQ:ROKU).
Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.