Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Roku, Inc. (NASDAQ:ROKU – Free Report) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,577 shares of the company’s stock after buying an additional 367 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Roku were worth $4,053,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in Roku by 772.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock worth $351,771,000 after purchasing an additional 2,486,100 shares during the period. Wellington Management Group LLP increased its stake 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 valued at $522,878,000 after buying an additional 2,057,633 shares during the period. Marshall Wace LLP increased its stake in shares of Roku by 579.2% during the fourth quarter. Marshall Wace LLP now owns 1,963,896 shares of the company’s stock valued at $79,931,000 after buying an additional 1,674,747 shares during the period. Norges Bank purchased a new position in shares of Roku during the fourth quarter valued at approximately $32,612,000. Finally, Man Group plc increased its stake in shares of Roku by 4,763.6% during the fourth quarter. Man Group plc now owns 667,483 shares of the company’s stock valued at $27,167,000 after buying an additional 653,759 shares during the period. 69.59% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Roku
In other news, SVP Stephen H. Kay sold 754 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $60.06, for a total value of $45,285.24. Following the completion of the transaction, the senior vice president now owns 79,924 shares of the company’s stock, valued at $4,800,235.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Stephen H. Kay sold 754 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $60.06, for a total transaction of $45,285.24. Following the completion of the transaction, the senior vice president now directly owns 79,924 shares of the company’s stock, valued at $4,800,235.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gidon Katz sold 6,785 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $60.06, for a total value of $407,507.10. Following the transaction, the insider now directly owns 20,778 shares of the company’s stock, valued at $1,247,926.68. The disclosure for this sale can be found here. Insiders sold a total of 18,526 shares of company stock valued at $1,296,268 over the last 90 days. Company insiders own 13.63% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Roku
Roku Stock Performance
Shares of ROKU opened at $79.26 on Friday. The business has a 50-day simple moving average of $72.64 and a two-hundred day simple moving average of $64.42. Roku, Inc. has a 52 week low of $38.26 and a 52 week high of $98.44.
Roku (NASDAQ:ROKU – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($1.28) by $0.52. The business had revenue of $847.20 million during the quarter, compared to analysts’ expectations of $774.65 million. Roku had a negative return on equity of 25.15% and a negative net margin of 20.54%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.82) earnings per share. Analysts forecast that Roku, Inc. will post -4.63 EPS for the current year.
Roku Profile
Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.
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