Roku, Inc. (NASDAQ:ROKU) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank boosted its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 187.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,641 shares of the company's stock after buying an additional 30,432 shares during the quarter. Toronto Dominion Bank's holdings in Roku were worth $3,467,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ROKU. Ameritas Advisory Services LLC acquired a new position in Roku in the 4th quarter worth $311,000. Janney Montgomery Scott LLC bought a new stake in shares of Roku in the 4th quarter worth about $1,353,000. Mutual Advisors LLC bought a new stake in shares of Roku in the 4th quarter worth about $207,000. Avior Wealth Management LLC increased its position in shares of Roku by 11.9% in the 4th quarter. Avior Wealth Management LLC now owns 7,180 shares of the company's stock worth $534,000 after purchasing an additional 762 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Roku by 24.9% in the 4th quarter. Fifth Third Bancorp now owns 1,119 shares of the company's stock worth $83,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Up 0.3%

Roku stock opened at $69.77 on Friday. The firm has a 50-day moving average price of $66.03 and a two-hundred day moving average price of $74.48. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of -78.39 and a beta of 2.06. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted 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. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Roku's revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.35) EPS. Research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

ROKU has been the subject of several research analyst reports. Benchmark reissued a "buy" rating and issued a $130.00 target price on shares of Roku in a research report on Friday, May 2nd. Compass Point initiated coverage on shares of Roku in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Pivotal Research dropped their target price on shares of Roku from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. JMP Securities reissued a "market outperform" rating and issued a $95.00 target price on shares of Roku in a research report on Friday, May 2nd. Finally, Guggenheim reaffirmed a "buy" rating and set a $100.00 price objective on shares of Roku in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $87.93.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at $468,225. This trade represents a 42.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of the transaction, the chief accounting officer now owns 7,256 shares of the company's stock, valued at $583,092.16. This trade represents a 20.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,100 shares of company stock valued at $1,164,215 in the last ninety days. Company 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.

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