AQR Capital Management LLC boosted its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 55.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,022 shares of the company's stock after buying an additional 34,073 shares during the period. AQR Capital Management LLC owned 0.07% of Roku worth $7,064,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings 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 Roku by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock worth $910,597,000 after purchasing an additional 185,676 shares during the period. Marshall Wace LLP lifted its position in Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after purchasing an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Roku by 10.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock valued at $168,734,000 after purchasing an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock valued at $159,353,000 after purchasing an additional 56,820 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on ROKU shares. Evercore ISI cut their price objective on Roku from $105.00 to $80.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target for the company in a report on Tuesday, March 4th. FBN Securities began coverage on shares of Roku in a research note on Friday, March 28th. They issued an "outperform" rating and a $93.00 price objective on the stock. Citigroup cut their target price on shares of Roku from $81.00 to $68.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Roku in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.93.
View Our Latest Research Report on ROKU
Roku Stock Performance
Shares of NASDAQ:ROKU opened at $59.89 on Thursday. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The company has a market cap of $8.74 billion, a P/E ratio of -67.29 and a beta of 2.06. The stock's 50-day moving average is $67.26 and its 200-day moving average is $74.80.
Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.35) EPS. As a group, equities analysts predict that Roku, Inc. will post -0.3 EPS for the current year.
Insiders Place Their Bets
In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $87.93, for a total value of $2,198,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,333,486.34. This trade represents a 48.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew C. Banks sold 1,906 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the sale, the chief accounting officer now owns 7,256 shares in the company, valued at approximately $583,092.16. This represents a 20.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,111 shares of company stock worth $6,575,362 in the last ninety days. Insiders own 13.98% of the company's stock.
Roku Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ROKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roku, Inc. (NASDAQ:ROKU - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Roku, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roku wasn't on the list.
While Roku currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
