ExodusPoint Capital Management LP grew its position in Roku, Inc. (NASDAQ:ROKU – Get Rating) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,577 shares of the company’s stock after buying an additional 13,244 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Roku were worth $2,099,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROKU. ARK Investment Management LLC grew its position in shares of Roku by 1.6% in the 4th quarter. ARK Investment Management LLC now owns 12,114,981 shares of the company’s stock valued at $493,080,000 after purchasing an additional 195,915 shares during the period. Vanguard Group Inc. grew its holdings in shares of Roku by 1.9% during the third quarter. Vanguard Group Inc. now owns 10,897,100 shares of the company’s stock worth $614,596,000 after purchasing an additional 206,357 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Roku by 6.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,847,444 shares of the company’s stock worth $319,391,000 after acquiring an additional 444,022 shares during the period. BlackRock Inc. lifted its stake in Roku by 5.1% in the third quarter. BlackRock Inc. now owns 6,749,951 shares of the company’s stock valued at $380,697,000 after buying an additional 330,258 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Roku by 97.2% during the first quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock worth $522,878,000 after purchasing an additional 2,057,633 shares during the period. Institutional investors own 66.11% of the company’s stock.
Roku Trading Up 1.6 %
NASDAQ ROKU opened at $69.10 on Friday. Roku, Inc. has a 1 year low of $38.26 and a 1 year high of $101.42. The company has a fifty day moving average price of $58.89 and a 200-day moving average price of $56.66.
Analyst Ratings Changes
A number of analysts recently issued reports on ROKU shares. Wedbush reissued an “outperform” rating and set a $80.00 price objective on shares of Roku in a report on Monday, March 13th. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price on shares of Roku in a research note on Friday, February 24th. Wells Fargo & Company lowered their price objective on Roku from $67.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, April 27th. Pivotal Research cut their price objective on Roku from $55.00 to $53.00 and set a “sell” rating for the company in a report on Thursday, April 27th. Finally, Robert W. Baird began coverage on Roku in a report on Tuesday, April 11th. They set a “neutral” rating and a $71.00 price target for the company. Four analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Roku presently has a consensus rating of “Hold” and a consensus target price of $71.04.
Insider Transactions at Roku
In other news, CAO Matthew C. Banks sold 1,614 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $60.42, for a total value of $97,517.88. Following the transaction, the chief accounting officer now directly owns 4,774 shares in the company, valued at $288,445.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Matthew C. Banks sold 1,614 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $60.42, for a total value of $97,517.88. Following the completion of the transaction, the chief accounting officer now directly owns 4,774 shares of the company’s stock, valued at approximately $288,445.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gidon Katz sold 3,694 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $57.50, for a total transaction of $212,405.00. Following the transaction, the insider now directly owns 15,450 shares of the company’s stock, valued at $888,375. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,130 shares of company stock valued at $959,026. 13.79% of the stock is currently owned by corporate insiders.
About Roku
Roku, Inc engages in the provision of a streaming platform for television. It operates through the Platform and Devices segments. The Platform segment includes digital advertising and related services including the demand-side platform and content distribution services such as subscription and transaction revenue shares, media and entertainment promotional spending, the sale of premium subscriptions, and the sale of branded channel buttons on remote controls.
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