Roku, Inc. (NASDAQ:ROKU) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 712,836 shares of the company's stock after buying an additional 144,479 shares during the quarter. Northern Trust Corp owned about 0.49% of Roku worth $52,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after purchasing an additional 4,613,570 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Roku by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock worth $910,597,000 after buying an additional 185,676 shares in the last quarter. Marshall Wace LLP grew 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 buying an additional 2,030,036 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings 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 buying an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC lifted 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 acquiring an additional 56,820 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Roku from $129.00 to $93.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and upped their price objective for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. UBS Group dropped their target price on shares of Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler began coverage on shares of Roku in a research report on Thursday, April 17th. They issued a "neutral" rating and a $65.00 price target for the company. Finally, Benchmark reissued a "buy" rating and set a $130.00 target price on shares of Roku in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.93.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares of the company's stock, valued at $5,163,225. The trade was a 1.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,243 shares of the company's stock, valued at $468,225. This represents a 42.42 % 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 quarter. 13.98% of the stock is currently owned by company insiders.

Roku Trading Down 0.7 %

Shares of NASDAQ:ROKU opened at $59.89 on Thursday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The firm has a fifty day moving average price of $67.26 and a 200 day moving average price of $74.80. The stock has a market capitalization of $8.74 billion, a PE ratio of -67.29 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company posted ($0.35) earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. On average, sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku 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.

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