Ensign Peak Advisors Inc Lowers Stock Position in Roku, Inc. (NASDAQ:ROKU)

Ensign Peak Advisors Inc lessened its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,143 shares of the company's stock after selling 7,425 shares during the quarter. Ensign Peak Advisors Inc's holdings in Roku were worth $3,653,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ROKU. FMR LLC boosted its stake in Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after buying an additional 4,613,570 shares during the period. Marshall Wace LLP boosted its stake in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after purchasing an additional 2,030,036 shares during the period. Cadian Capital Management LP purchased a new position in shares of Roku in the fourth quarter valued at approximately $87,632,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Roku by 214.1% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 864,974 shares of the company's stock valued at $64,302,000 after purchasing an additional 589,610 shares during the period. Finally, FIL Ltd purchased a new position in shares of Roku in the fourth quarter valued at approximately $29,559,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Price Performance

Shares of Roku stock opened at $71.88 on Thursday. The firm's fifty day simple moving average is $65.91 and its 200-day simple moving average is $74.51. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of -80.76 and a beta of 2.06. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.08. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Roku's revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.35) EPS. Analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. JMP Securities reissued a "market outperform" rating and issued a $95.00 price objective on shares of Roku in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Roku from $115.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group cut their price objective on shares of Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Rosenblatt Securities cut their price objective on shares of Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Pivotal Research cut their price objective on shares of Roku from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.93.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 1,906 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the transaction, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at approximately $583,092.16. The trade was a 20.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 5,000 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the transaction, the chief financial officer now directly owns 58,555 shares in the company, valued at $5,878,922. This represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,111 shares of company stock valued at $4,377,112. 13.98% of the stock is owned by company insiders.

About Roku

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.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.