OppenheimerFunds Inc. raised its holdings in Roku Inc (NASDAQ:ROKU) by 2.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 559,680 shares of the company’s stock after acquiring an additional 12,200 shares during the quarter. OppenheimerFunds Inc. owned approximately 0.51% of Roku worth $36,105,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State of Wisconsin Investment Board increased its position in Roku by 33.3% in the 1st quarter. State of Wisconsin Investment Board now owns 53,300 shares of the company’s stock valued at $3,438,000 after acquiring an additional 13,300 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Roku during the first quarter worth $285,000. Impala Asset Management LLC acquired a new stake in shares of Roku during the first quarter worth $12,863,000. King Luther Capital Management Corp increased its position in shares of Roku by 11.2% during the first quarter. King Luther Capital Management Corp now owns 142,063 shares of the company’s stock worth $9,164,000 after buying an additional 14,338 shares during the period. Finally, AlphaCrest Capital Management LLC acquired a new stake in shares of Roku during the first quarter worth $277,000. Hedge funds and other institutional investors own 50.52% of the company’s stock.
NASDAQ ROKU traded up $3.76 on Wednesday, hitting $103.96. 319,463 shares of the company were exchanged, compared to its average volume of 13,768,792. The firm has a market cap of $11.55 billion, a PE ratio of -1,298.19 and a beta of 2.39. Roku Inc has a 12 month low of $26.30 and a 12 month high of $104.03.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.15. Roku had a negative net margin of 1.47% and a negative return on equity of 4.60%. The firm had revenue of $206.70 million for the quarter, compared to analyst estimates of $189.80 million. During the same period last year, the firm earned ($0.07) earnings per share. The business’s quarterly revenue was up 51.3% compared to the same quarter last year. As a group, equities analysts anticipate that Roku Inc will post -0.6 EPS for the current year.
In related news, VP Chas Smith sold 16,320 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $64.33, for a total transaction of $1,049,865.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 35,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $68.70, for a total transaction of $2,404,500.00. The disclosure for this sale can be found here. Insiders sold 250,887 shares of company stock worth $19,186,100 over the last ninety days. Insiders own 22.70% of the company’s stock.
Several equities research analysts have recently weighed in on ROKU shares. DA Davidson increased their price objective on shares of Roku to $60.00 and gave the stock an “average” rating in a research report on Friday, February 22nd. BidaskClub upgraded shares of Roku from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Needham & Company LLC increased their price objective on shares of Roku from $45.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Friday, February 22nd. Finally, ValuEngine upgraded shares of Roku from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $80.51.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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