Charles Schwab Investment Management Inc. Has $79.30 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Charles Schwab Investment Management Inc. increased its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 865,129 shares of the company's stock after purchasing an additional 28,930 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.61% of Roku worth $79,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Roku in the fourth quarter worth $27,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Roku in the 4th quarter worth about $29,000. Federated Hermes Inc. acquired a new stake in shares of Roku in the 3rd quarter valued at about $37,000. Headinvest LLC acquired a new stake in shares of Roku in the 3rd quarter valued at about $42,000. Finally, Spire Wealth Management lifted its position in shares of Roku by 35.3% during the third quarter. Spire Wealth Management now owns 621 shares of the company's stock worth $44,000 after purchasing an additional 162 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Trading Up 3.5 %

ROKU traded up $2.10 on Tuesday, reaching $62.26. The company had a trading volume of 9,779,880 shares, compared to its average volume of 5,628,585. The company has a market capitalization of $8.98 billion, a P/E ratio of -15.60 and a beta of 1.69. The company has a fifty day moving average of $61.59 and a 200-day moving average of $78.34. Roku, Inc. has a one year low of $51.62 and a one year high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The business had revenue of $881.50 million during the quarter, compared to analysts' expectations of $843.54 million. During the same period last year, the firm posted ($1.38) earnings per share. The business's revenue was up 19.0% on a year-over-year basis. Research analysts predict that Roku, Inc. will post -1.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on ROKU. Morgan Stanley reduced their target price on Roku from $65.00 to $60.00 and set an "underweight" rating on the stock in a report on Friday, April 5th. Susquehanna decreased their price objective on shares of Roku from $110.00 to $80.00 and set a "positive" rating for the company in a report on Monday, April 29th. Wells Fargo & Company boosted their target price on shares of Roku from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Friday, April 26th. Seaport Res Ptn upgraded shares of Roku from a "neutral" rating to a "buy" rating in a research report on Monday, April 29th. Finally, Jefferies Financial Group began coverage on shares of Roku in a research report on Thursday, May 2nd. They set an "underperform" rating and a $50.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $82.50.

Insider Activity

In other Roku news, insider Charles Collier sold 12,277 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total value of $798,741.62. Following the sale, the insider now directly owns 4,292 shares in the company, valued at $279,237.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Jeffrey M. Blackburn acquired 8,000 shares of Roku stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $63.96 per share, with a total value of $511,680.00. Following the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $511,680. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Charles Collier sold 12,277 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the sale, the insider now directly owns 4,292 shares in the company, valued at $279,237.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,751 shares of company stock worth $1,909,835. 13.63% of the stock is owned by company 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.