Roku, Inc. (NASDAQ:ROKU) Holdings Decreased by Interchange Capital Partners LLC

Interchange Capital Partners LLC reduced its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 36.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,949 shares of the company's stock after selling 4,653 shares during the quarter. Interchange Capital Partners LLC's holdings in Roku were worth $560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC raised its stake in shares of Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after purchasing an additional 4,613,570 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Roku by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock valued at $910,597,000 after purchasing an additional 185,676 shares in the last quarter. Marshall Wace LLP raised its stake 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 valued at $173,644,000 after purchasing an additional 2,030,036 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Roku by 10.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock valued at $168,734,000 after purchasing an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after acquiring an additional 56,820 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mai Fyfield sold 914 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.50, for a total value of $71,749.00. Following the completion of the sale, the director owned 4,374 shares of the company's stock, valued at approximately $343,359. The trade was a 17.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $80.27, for a total value of $2,006,750.00. Following the completion of the sale, the chief executive officer directly owned 11,953 shares of the company's stock, valued at approximately $959,467.31. The trade was a 67.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,020 shares of company stock worth $4,979,594 in the last quarter. Corporate insiders own 13.98% of the company's stock.

Roku Price Performance

NASDAQ:ROKU opened at $88.12 on Monday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The stock's 50-day moving average is $74.59 and its two-hundred day moving average is $75.28. The stock has a market cap of $12.86 billion, a PE ratio of -120.72 and a beta of 2.12.

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

Analyst Ratings Changes

Several equities research analysts have commented on ROKU shares. JMP Securities reiterated a "market outperform" rating and issued a $95.00 price target on shares of Roku in a research report on Tuesday, June 17th. Wells Fargo & Company dropped their price target on shares of Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Roku in a research report on Monday, June 16th. Bank of America boosted their price target on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Pivotal Research dropped their price target on shares of Roku from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.37.

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.

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