Vestcor Inc Invests $470,000 in Roku, Inc. $ROKU

Vestcor Inc purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,330 shares of the company’s stock, valued at approximately $470,000.

A number of other institutional investors have also made changes to their positions in ROKU. AQR Capital Management LLC lifted its position in shares of Roku by 275.5% in the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after purchasing an additional 1,897,407 shares in the last quarter. Holocene Advisors LP lifted its position in shares of Roku by 352.3% in the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after purchasing an additional 1,285,585 shares in the last quarter. Norges Bank bought a new stake in Roku during the fourth quarter worth $92,808,000. Duquesne Family Office LLC raised its position in Roku by 123.0% during the second quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock worth $96,723,000 after acquiring an additional 606,900 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Roku by 172.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 931,653 shares of the company’s stock worth $101,075,000 after acquiring an additional 590,286 shares in the last quarter. 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 attract upbeat analyst and investor attention, with recent coverage noting strong growth-stock characteristics and a “Moderate Buy” consensus from brokerages. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
• Positive Sentiment: Promotions around Roku devices and Roku TV sales keep the brand in front of consumers and may support device adoption and platform usage. Walmart’s 50-inch Roku TV is on sale for under $215 this week
• Positive Sentiment: Another deal on Roku hardware suggests ongoing retail demand and broad consumer interest in the company’s streaming ecosystem. Get a Roku Streaming Stick Plus and a month of Fox One for just $25
• Neutral Sentiment: Roku-related entertainment programming announcements help keep the platform visible, but they are unlikely to materially change fundamentals by themselves. ‘Gamechangers: America’s Top 25 Female Athletes’ Special Set At Roku
• Neutral Sentiment: Search interest in ROKU has increased, which suggests the stock is on investors’ radar, but the article itself does not provide a new operational catalyst. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
• Negative Sentiment: Recent insider selling by Charles Collier may create some caution among investors, even though the sale was made under a pre-arranged 10b5-1 plan. Roku (NASDAQ:ROKU) Insider Sells $2,565,892.78 in Stock
• Negative Sentiment: A report that a permanent ad was added to the Roku home screen could irritate users and raise concern about the user experience, even if the impact on revenue is potentially positive. Your Roku just got a permanent ad on the home screen — here’s how to minimize it

Insiders Place Their Bets

In related news, insider Charles Collier sold 20,537 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $124.94, for a total value of $2,565,892.78. Following the sale, the insider directly owned 15,200 shares in the company, valued at approximately $1,899,088. The trade was a 57.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Neil D. Hunt sold 2,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $129.09, for a total value of $258,180.00. Following the sale, the director owned 7,782 shares in the company, valued at approximately $1,004,578.38. This represents a 20.45% 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 a total of 667,168 shares of company stock worth $75,218,573 in the last ninety days. 13.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ROKU. Oppenheimer upped their price target on shares of Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Evercore reissued an “outperform” rating and issued a $150.00 price objective on shares of Roku in a research report on Friday, February 13th. Benchmark increased their price objective on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Citigroup reissued a “market outperform” rating on shares of Roku in a research report on Thursday, May 28th. Finally, KeyCorp increased their price objective on shares of Roku from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Twenty-two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.50.

Roku Stock Down 2.2%

Shares of Roku stock opened at $120.91 on Wednesday. The firm’s 50-day moving average price is $116.68 and its two-hundred day moving average price is $105.60. Roku, Inc. has a 12-month low of $73.91 and a 12-month high of $133.46. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of 90.91 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted ($0.19) EPS. Roku’s revenue was up 22.4% compared to the same quarter last year. On average, sell-side analysts expect that Roku, Inc. will post 2.41 earnings per share for the current year.

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.