Teacher Retirement System of Texas cut its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 22.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,956 shares of the company's stock after selling 9,288 shares during the period. Teacher Retirement System of Texas' holdings in Roku were worth $3,575,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. M&T Bank Corp grew its holdings in shares of Roku by 39.6% during the 4th quarter. M&T Bank Corp now owns 7,788 shares of the company's stock worth $845,000 after purchasing an additional 2,210 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Roku by 6.1% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 61,915 shares of the company's stock valued at $6,730,000 after purchasing an additional 3,553 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Roku by 731.9% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 24,998 shares of the company's stock worth $2,710,000 after purchasing an additional 21,993 shares during the period. Optas LLC bought a new stake in Roku during the fourth quarter worth about $288,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Roku by 13.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,303 shares of the company's stock worth $4,481,000 after buying an additional 4,916 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Arete Research set a $132.00 target price on shares of Roku and gave the company a "buy" rating in a report on Monday, January 5th. Moffett Nathanson reiterated a "neutral" rating and set a $100.00 price target on shares of Roku in a research report on Friday, February 13th. Evercore reissued an "outperform" rating and issued a $150.00 price objective on shares of Roku in a research note on Friday, February 13th. Wells Fargo & Company boosted their price objective on shares of Roku from $116.00 to $137.00 and gave the company an "overweight" rating in a research report on Friday, February 13th. Finally, Guggenheim upped their target price on Roku from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $129.25.
Read Our Latest Stock Analysis on ROKU
Roku Trading Down 0.7%
Shares of ROKU stock opened at $114.38 on Tuesday. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 200.67 and a beta of 2.00. The business's 50-day moving average price is $98.94 and its 200-day moving average price is $100.45. Roku, Inc. has a 12 month low of $58.55 and a 12 month high of $120.00.
Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.25. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Roku had a return on equity of 3.40% and a net margin of 1.87%.The firm's revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. On average, sell-side analysts predict that Roku, Inc. will post 2.1 earnings per share for the current fiscal year.
Insider Buying and Selling at Roku
In other news, CEO Anthony J. Wood sold 50,000 shares of the firm's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $90.79, for a total transaction of $4,539,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles Collier sold 205,821 shares of Roku stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the transaction, the insider owned 11,131 shares in the company, valued at approximately $1,168,755. This trade represents a 94.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 632,182 shares of company stock valued at $67,058,733. Insiders own 13.98% of the company's stock.
Roku Company Profile
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Free Report)
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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