New York State Common Retirement Fund Increases Stake in Roku, Inc. (NASDAQ:ROKU)

New York State Common Retirement Fund increased its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 36.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,513 shares of the company's stock after acquiring an additional 40,768 shares during the period. New York State Common Retirement Fund owned about 0.11% of Roku worth $14,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. California Public Employees Retirement System lifted its stake in Roku by 18.7% in the 4th quarter. California Public Employees Retirement System now owns 218,993 shares of the company's stock valued at $20,073,000 after purchasing an additional 34,490 shares during the last quarter. Duality Advisers LP lifted its stake in Roku by 14.0% in the 4th quarter. Duality Advisers LP now owns 10,012 shares of the company's stock valued at $918,000 after purchasing an additional 1,228 shares during the last quarter. Sigma Planning Corp lifted its stake in Roku by 37.7% in the 4th quarter. Sigma Planning Corp now owns 8,428 shares of the company's stock valued at $773,000 after purchasing an additional 2,306 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Roku by 16.0% in the 4th quarter. Handelsbanken Fonder AB now owns 24,700 shares of the company's stock valued at $2,264,000 after purchasing an additional 3,400 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in Roku in the 4th quarter valued at approximately $1,099,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Analyst Upgrades and Downgrades

ROKU has been the subject of several research reports. Oppenheimer downgraded shares of Roku from an "outperform" rating to a "market perform" rating in a research note on Friday, February 16th. Seaport Res Ptn raised shares of Roku from a "neutral" rating to a "buy" rating in a research note on Monday. Citigroup dropped their price target on shares of Roku from $75.00 to $70.00 and set a "neutral" rating for the company in a research note on Tuesday. Morgan Stanley dropped their price target on shares of Roku from $65.00 to $60.00 and set an "underweight" rating for the company in a research note on Friday, April 5th. Finally, Pivotal Research dropped their price target on shares of Roku from $85.00 to $75.00 and set a "hold" rating for the company in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $84.21.

Roku Stock Down 1.7 %

NASDAQ:ROKU traded down $1.00 during trading hours on Tuesday, reaching $57.66. The company had a trading volume of 7,018,321 shares, compared to its average volume of 5,861,227. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of -15.02 and a beta of 1.66. The business's 50-day simple moving average is $62.53 and its two-hundred day simple moving average is $78.50. Roku, Inc. has a twelve month low of $51.62 and a twelve month high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million during the quarter, compared to analysts' expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.73%. The business's revenue was up 19.0% on a year-over-year basis. During the same period last year, the company earned ($1.38) earnings per share. As a group, equities analysts predict that Roku, Inc. will post -2.12 earnings per share for the current year.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares of the company's stock, valued at $13,930,039.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen H. Kay sold 4,310 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares in the company, valued at $5,148,208.80. The disclosure for this sale can be found here. Insiders sold 54,545 shares of company stock worth $4,364,035 over the last three months. 13.63% of the stock is currently owned by insiders.

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.