California State Teachers Retirement System Acquires 27,567 Shares of Roku, Inc. $ROKU

California State Teachers Retirement System grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 22.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 151,085 shares of the company's stock after buying an additional 27,567 shares during the period. California State Teachers Retirement System owned 0.10% of Roku worth $14,296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROKU. AQR Capital Management LLC boosted its stake in shares of Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company's stock valued at $258,897,000 after purchasing an additional 1,897,407 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Roku by 229.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company's stock worth $192,868,000 after buying an additional 1,419,772 shares during the period. Fred Alger Management LLC lifted its holdings in Roku by 7,087.7% in the fourth quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company's stock worth $154,212,000 after buying an additional 1,401,664 shares during the period. Norges Bank bought a new stake in Roku during the 4th quarter valued at approximately $92,808,000. Finally, Alyeska Investment Group L.P. boosted its position in Roku by 380.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 882,915 shares of the company's stock valued at $95,787,000 after acquiring an additional 699,336 shares in the last quarter. Institutional investors own 86.30% of the company's stock.

Roku Stock Performance

Shares of Roku stock opened at $145.01 on Monday. The company has a 50-day simple moving average of $136.45 and a two-hundred day simple moving average of $114.88. The stock has a market capitalization of $21.38 billion, a PE ratio of 109.03 and a beta of 2.01. Roku, Inc. has a 52-week low of $78.53 and a 52-week high of $148.88.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.23. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business's revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.19) earnings per share. As a group, equities research analysts forecast that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on ROKU. Wedbush cut Roku from an "outperform" rating to a "neutral" rating and set a $155.00 target price for the company. in a research note on Tuesday, June 16th. Rosenblatt Securities upped their price target on Roku from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 16th. KeyCorp downgraded Roku from an "overweight" rating to a "sector weight" rating in a report on Monday, June 15th. Weiss Ratings reissued a "hold (c-)" rating on shares of Roku in a research report on Friday, May 15th. Finally, Evercore cut shares of Roku from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Ten equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $155.12.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 75,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gilbert Fuchsberg sold 4,376 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $127.26, for a total value of $556,889.76. Following the transaction, the insider directly owned 51,099 shares in the company, valued at approximately $6,502,858.74. The trade was a 7.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 203,643 shares of company stock worth $26,492,192 over the last 90 days. 13.45% of the stock is currently owned by company insiders.

Roku Company Profile

Roku, Inc NASDAQ: ROKU is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company's platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku's product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.

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