Robeco Institutional Asset Management B.V. Buys 98,784 Shares of Roku, Inc. (NASDAQ:ROKU)

Robeco Institutional Asset Management B.V. raised its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 75.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,769 shares of the company's stock after buying an additional 98,784 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.16% of Roku worth $16,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Garde Capital Inc. bought a new stake in Roku during the first quarter worth $25,000. Vision Financial Markets LLC bought a new position in Roku during the 4th quarter valued at $30,000. Golden State Wealth Management LLC boosted its holdings in Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after acquiring an additional 247 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Roku in the 1st quarter worth $35,000. Finally, First PREMIER Bank purchased a new stake in shares of Roku in the first quarter valued at about $35,000. 86.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Charles Collier sold 3,590 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $85.00, for a total transaction of $305,150.00. Following the completion of the transaction, the insider now directly owns 7,380 shares in the company, valued at $627,300. The trade was a 32.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew C. Banks sold 629 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $72.98, for a total value of $45,904.42. Following the transaction, the chief accounting officer now directly owns 8,555 shares of the company's stock, valued at $624,343.90. The trade was a 6.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,227 shares of company stock valued at $4,994,244. Corporate insiders own 13.98% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ROKU shares. Wells Fargo & Company cut their price target on shares of Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Piper Sandler began coverage on shares of Roku in a research report on Thursday, April 17th. They set a "neutral" rating and a $65.00 target price on the stock. Loop Capital raised Roku from a "hold" rating to a "buy" rating and upped their target price for the company from $80.00 to $100.00 in a report on Tuesday, June 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $88.50 price target on shares of Roku in a research report on Tuesday, June 17th. Finally, Bank of America lifted their price target on Roku from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roku presently has an average rating of "Moderate Buy" and an average price target of $89.93.

Roku Trading Up 0.5%

Shares of ROKU stock traded up $0.44 during trading on Friday, reaching $86.94. 3,629,316 shares of the company's stock traded hands, compared to its average volume of 3,864,156. The firm's 50-day moving average is $72.09 and its 200 day moving average is $75.12. The company has a market capitalization of $12.69 billion, a P/E ratio of -119.09 and a beta of 2.09. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.27) by $0.08. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the firm posted ($0.35) EPS. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, sell-side analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku Company 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.