Charles Schwab Investment Management Inc. Has $72.44 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,028,332 shares of the company's stock after buying an additional 37,465 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.70% of Roku worth $72,436,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Cerity Partners LLC grew its holdings in Roku by 0.5% in the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock valued at $1,984,000 after purchasing an additional 145 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Roku during the fourth quarter worth $2,950,000. Treasurer of the State of North Carolina increased its stake in shares of Roku by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 55,563 shares of the company's stock valued at $4,131,000 after acquiring an additional 350 shares during the last quarter. Sterling Capital Management LLC raised its stake in Roku by 50.3% during the fourth quarter. Sterling Capital Management LLC now owns 6,672 shares of the company's stock worth $496,000 after purchasing an additional 2,232 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in Roku by 108.1% in the fourth quarter. Guggenheim Capital LLC now owns 14,475 shares of the company's stock valued at $1,076,000 after acquiring an additional 7,518 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Price Performance

ROKU stock traded up $2.78 on Friday, reaching $90.29. 4,108,853 shares of the company were exchanged, compared to its average volume of 4,021,281. The stock's fifty day moving average price is $85.95 and its 200 day moving average price is $77.35. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $104.96. The firm has a market capitalization of $13.30 billion, a PE ratio of -214.98, a PEG ratio of 12.33 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted ($0.18) earnings per share. The company's quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and set a $130.00 price target on shares of Roku in a research report on Friday, May 2nd. Guggenheim increased their target price on Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Loop Capital raised shares of Roku from a "hold" rating to a "buy" rating and raised their target price for the stock from $80.00 to $100.00 in a report on Tuesday, June 17th. JMP Securities increased their price objective on shares of Roku from $95.00 to $110.00 and gave the stock a "market outperform" rating in a report on Monday, July 21st. Finally, UBS Group lifted their target price on Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $98.96.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total value of $270,600.00. Following the transaction, the chief financial officer owned 76,132 shares of the company's stock, valued at approximately $6,867,106.40. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $82.42, for a total value of $2,060,500.00. Following the sale, the chief executive officer owned 16,441 shares in the company, valued at $1,355,067.22. The trade was a 60.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 337,233 shares of company stock valued at $30,423,181 in the last 90 days. Insiders own 13.98% of the company's stock.

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.