Deutsche Bank AG Acquires 66,756 Shares of Roku, Inc. (NASDAQ:ROKU)

Deutsche Bank AG boosted its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 20.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 398,438 shares of the company's stock after acquiring an additional 66,756 shares during the quarter. Deutsche Bank AG owned 0.27% of Roku worth $28,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ROKU. Marshall Wace LLP grew its holdings in shares of Roku by 663.9% during the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after purchasing an additional 2,030,036 shares during the last quarter. Cadian Capital Management LP bought a new stake in shares of Roku during the fourth quarter worth about $87,632,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock worth $96,402,000 after purchasing an additional 1,082,548 shares during the last quarter. Two Sigma Investments LP grew its holdings in Roku by 149.8% during the 4th quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock worth $90,017,000 after acquiring an additional 726,077 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in Roku by 214.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 864,974 shares of the company's stock worth $64,302,000 after acquiring an additional 589,610 shares during the last quarter. Institutional investors own 86.30% of the company's stock.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 3,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total transaction of $270,600.00. Following the transaction, the chief financial officer directly owned 76,132 shares in the company, valued at approximately $6,867,106.40. This trade represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $89.64, for a total transaction of $2,241,000.00. Following the transaction, the chief executive officer directly owned 11,953 shares in the company, valued at $1,071,466.92. The trade was a 67.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Roku Trading Up 4.5%

NASDAQ ROKU traded up $3.77 during trading hours on Wednesday, hitting $88.09. The company's stock had a trading volume of 4,413,415 shares, compared to its average volume of 4,493,883. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $104.96. The company has a market capitalization of $12.98 billion, a PE ratio of -209.74, a price-to-earnings-growth ratio of 11.80 and a beta of 2.05. The company's 50-day simple moving average is $85.69 and its two-hundred day simple moving average is $77.29.

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

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of recent research reports. KeyCorp increased their price objective on Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JMP Securities increased their target price on shares of Roku from $95.00 to $110.00 and gave the company a "market outperform" rating in a research report on Monday, July 21st. Needham & Company LLC upped their price objective on shares of Roku from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company upped their price objective on shares of Roku from $100.00 to $113.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Citigroup reaffirmed a "neutral" rating and set a $84.00 price target (up previously from $68.00) on shares of Roku in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.96.

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.