Intech Investment Management LLC Purchases Shares of 12,183 Roku, Inc. $ROKU

Intech Investment Management LLC purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,183 shares of the company’s stock, valued at approximately $1,322,000.

Several other large investors have also added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new position in shares of Roku in the 4th quarter valued at $1,345,000. Holocene Advisors LP lifted its stake in shares of Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after acquiring an additional 1,285,585 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Roku in the 3rd quarter valued at $2,997,000. MH & Associates Securities Management Corp ADV bought a new position in shares of Roku in the 4th quarter valued at $2,398,000. Finally, Magnetar Financial LLC bought a new position in shares of Roku in the 3rd quarter valued at $5,466,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand its free ad-supported streaming lineup, adding new channels including Sports Illustrated and FIFA Plus, plus four more free channels in June. That supports engagement on The Roku Channel and could improve ad inventory and viewing time. Article Title
• Positive Sentiment: The company also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, which may help drive device sales and keep Roku’s ecosystem competitive. Article Title
• Positive Sentiment: Roku has been benefiting from a bullish narrative around its growing household reach and stronger live-sports positioning, which investors may see as supportive of future ad and platform revenue. Article Title

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 75,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total value of $21,611,205.00. Following the transaction, the insider directly owned 11,131 shares of the company’s stock, valued at approximately $1,168,755. This represents a 94.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 696,631 shares of company stock valued at $77,636,680 in the last quarter. 13.45% of the stock is currently owned by company insiders.

Roku Stock Down 2.7%

Shares of NASDAQ:ROKU opened at $122.26 on Friday. The firm has a market cap of $18.02 billion, a P/E ratio of 91.93 and a beta of 2.06. Roku, Inc. has a 12-month low of $73.91 and a 12-month high of $133.46. The business has a fifty day simple moving average of $115.32 and a 200 day simple moving average of $105.15.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period last year, the company earned ($0.19) EPS. As a group, equities research analysts expect that Roku, Inc. will post 2.41 EPS for the current year.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of research reports. UBS Group set a $170.00 price target on Roku in a research note on Thursday, May 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Wedbush increased their price target on Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Jefferies Financial Group increased their price target on Roku from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Morgan Stanley increased their price target on Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday. Twenty-two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $145.29.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.