Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP grew its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 479.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 568,100 shares of the company's stock after acquiring an additional 470,000 shares during the period. Two Sigma Advisers LP owned about 0.39% of Roku worth $42,233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. FMR LLC lifted its position in shares of Roku by 31.7% in the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after acquiring an additional 4,613,570 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Roku by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock valued at $910,597,000 after acquiring an additional 185,676 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after acquiring an additional 2,030,036 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Roku by 10.5% in 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 acquiring an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 buying an additional 56,820 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ROKU shares. Citigroup decreased their target price on Roku from $81.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Bank of America started coverage on Roku in a research report on Thursday, March 27th. They issued a "buy" rating and a $100.00 target price on the stock. Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Monday, April 7th. Piper Sandler assumed coverage on Roku in a research report on Thursday, April 17th. They issued a "neutral" rating and a $65.00 target price on the stock. Finally, JMP Securities restated a "market outperform" rating and set a $95.00 price objective on shares of Roku in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $87.93.

Roku Stock Performance

ROKU traded down $1.85 during trading on Wednesday, hitting $69.56. 3,629,400 shares of the stock were exchanged, compared to its average volume of 3,771,109. The firm has a 50 day simple moving average of $66.03 and a 200 day simple moving average of $74.47. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of -78.16 and a beta of 2.06. 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 announced its quarterly 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 return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted ($0.35) EPS. The business's revenue was up 15.8% compared to the same quarter last year. As a group, equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the sale, the insider now owns 7,380 shares of the company's stock, valued at $577,485. This trade represents a 49.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew C. Banks sold 1,906 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the completion of the sale, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at $583,092.16. The trade was a 20.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,111 shares of company stock worth $1,165,212. 13.98% of the stock is currently owned by company insiders.

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.