Robeco Institutional Asset Management B.V. Grows Stock Position in Roku, Inc. $ROKU

Key Points

• Robeco Institutional Asset Management increased its Roku stake by 47.3% in Q4 to 431,311 shares, worth about $46.8 million and roughly 0.29% of the company.
• Roku beat Q4 estimates, reporting $0.53 EPS vs. $0.28 expected and $1.39 billion in revenue (up 16.1% YoY), while analysts hold a "Moderate Buy" consensus with an average price target of $127.79.
• Even with institutional ownership at 86.3%, insiders sold 343,944 shares worth approximately $34.8 million over the last quarter, including sales by the CFO and an SVP.

Robeco Institutional Asset Management B.V. increased its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 47.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 431,311 shares of the company's stock after buying an additional 138,427 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.29% of Roku worth $46,793,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company's stock valued at $25,000 after buying an additional 204 shares during the period. Aventura Private Wealth LLC purchased a new stake in shares of Roku during the 4th quarter valued at approximately $26,000. Westfuller Advisors LLC purchased a new stake in Roku in the third quarter valued at approximately $30,000. Root Financial Partners LLC purchased a new stake in Roku in the third quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC raised its position in Roku by 20,450.0% in the third quarter. Cornerstone Planning Group LLC now owns 411 shares of the company's stock valued at $41,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

Analyst Upgrades and Downgrades

ROKU has been the topic of a number of research analyst reports. Weiss Ratings raised Roku from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Tuesday, February 17th. Stifel Nicolaus set a $160.00 target price on Roku in a research report on Monday, March 2nd. Oppenheimer boosted their target price on Roku from $105.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Morgan Stanley set a $135.00 target price on Roku and gave the company an "overweight" rating in a research report on Tuesday, December 16th. Finally, UBS Group reissued a "neutral" rating and issued a $110.00 target price on shares of Roku in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $127.79.

Roku Stock Up 0.8%

NASDAQ:ROKU opened at $103.32 on Tuesday. The company has a fifty day simple moving average of $93.92 and a two-hundred day simple moving average of $99.57. The company has a market cap of $15.23 billion, a price-to-earnings ratio of 181.27 and a beta of 2.00. Roku, Inc. has a 52 week low of $57.01 and a 52 week high of $116.66.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.28 by $0.25. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Roku had a net margin of 1.87% and a return on equity of 3.40%. The company's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. On average, analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insiders Place Their Bets

In other Roku news, SVP Christopher T. Handman sold 2,999 shares of the business's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $95.57, for a total value of $286,614.43. Following the completion of the transaction, the senior vice president owned 2,999 shares in the company, valued at $286,614.43. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Dan Jedda sold 15,000 shares of the business's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the completion of the transaction, the chief financial officer owned 85,115 shares of the company's stock, valued at approximately $8,020,386.45. This trade represents a 14.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 343,944 shares of company stock valued at $34,787,865. Corporate insiders own 13.98% of the company's stock.

About Roku

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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