Inscription Capital LLC acquired a new position in Roku, Inc. (NASDAQ:ROKU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,176 shares of the company’s stock, valued at approximately $540,000.
Several other institutional investors have also bought and sold shares of ROKU. Renaissance Technologies LLC raised its position in shares of Roku by 220.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,455,700 shares of the company’s stock valued at $474,223,000 after buying an additional 1,001,745 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Roku by 2,100.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 737,064 shares of the company’s stock worth $240,113,000 after acquiring an additional 703,564 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Roku by 72.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,109,665 shares of the company’s stock worth $361,496,000 after acquiring an additional 465,293 shares during the last quarter. Voloridge Investment Management LLC raised its position in Roku by 347.2% during the first quarter. Voloridge Investment Management LLC now owns 387,265 shares of the company’s stock valued at $126,159,000 after purchasing an additional 300,671 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Roku by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 7,899,493 shares of the company’s stock valued at $3,627,842,000 after purchasing an additional 279,159 shares during the last quarter. Hedge funds and other institutional investors own 62.10% of the company’s stock.
Several analysts recently weighed in on the company. Macquarie increased their price target on Roku from $400.00 to $485.00 and gave the company an “outperform” rating in a report on Thursday, June 24th. Truist lifted their price target on shares of Roku from $367.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday, August 27th. Cleveland Research began coverage on shares of Roku in a research report on Thursday, September 30th. They issued a “buy” rating and a $389.00 price objective on the stock. Stephens upgraded Roku from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $400.00 to $475.00 in a research report on Thursday, August 5th. Finally, Citigroup reduced their price target on Roku from $450.00 to $410.00 and set a “buy” rating on the stock in a report on Thursday, August 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $440.59.
Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, August 4th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.38. The company had revenue of $645.10 million during the quarter, compared to analysts’ expectations of $618.35 million. Roku had a net margin of 9.91% and a return on equity of 12.19%. Roku’s revenue for the quarter was up 81.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.35) earnings per share. As a group, equities research analysts anticipate that Roku, Inc. will post 1.31 earnings per share for the current fiscal year.
In other news, CEO Anthony J. Wood sold 85,000 shares of the company’s stock in a transaction on Friday, October 1st. The shares were sold at an average price of $310.22, for a total value of $26,368,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 80,000 shares of Roku stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $353.02, for a total value of $28,241,600.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 449,758 shares of company stock worth $160,228,681. 15.32% of the stock is owned by insiders.
Roku Company Profile
Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.
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