Teachers Retirement System of The State of Kentucky Boosts Holdings in Roku, Inc. (NASDAQ:ROKU)

Teachers Retirement System of The State of Kentucky grew its holdings in shares of Roku, Inc. (NASDAQ:ROKUGet Rating) by 24.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,549 shares of the company’s stock after acquiring an additional 20,491 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.08% of Roku worth $12,971,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ROKU. Dimensional Fund Advisors LP increased its stake in shares of Roku by 13.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 92,094 shares of the company’s stock worth $21,020,000 after buying an additional 10,745 shares during the period. Principal Financial Group Inc. increased its stake in shares of Roku by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 61,029 shares of the company’s stock worth $13,927,000 after buying an additional 800 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Roku by 95.6% in the fourth quarter. Rafferty Asset Management LLC now owns 1,524 shares of the company’s stock worth $348,000 after buying an additional 745 shares during the period. Rhumbline Advisers increased its stake in shares of Roku by 3.3% in the fourth quarter. Rhumbline Advisers now owns 115,189 shares of the company’s stock worth $26,286,000 after buying an additional 3,651 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Roku by 13.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 7,089 shares of the company’s stock worth $1,618,000 after buying an additional 860 shares during the period. 66.86% of the stock is owned by hedge funds and other institutional investors.

Roku Price Performance

ROKU opened at $71.35 on Friday. The stock has a 50-day moving average price of $77.32 and a 200-day moving average price of $93.54. The firm has a market cap of $9.84 billion, a PE ratio of -198.19 and a beta of 1.70. Roku, Inc. has a 1 year low of $62.00 and a 1 year high of $350.60.

Roku (NASDAQ:ROKUGet Rating) last issued its earnings results on Thursday, July 28th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.04). Roku had a negative return on equity of 1.66% and a negative net margin of 1.51%. The business had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $804.64 million. During the same period last year, the firm posted $0.52 EPS. Roku’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roku, Inc. will post -3.56 EPS for the current year.

Wall Street Analyst Weigh In

ROKU has been the topic of several analyst reports. Needham & Company LLC decreased their target price on shares of Roku from $205.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Truist Financial cut their price target on shares of Roku from $120.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 26th. Raymond James initiated coverage on shares of Roku in a report on Tuesday, July 26th. They issued a “market perform” rating on the stock. Moffett Nathanson cut shares of Roku from a “market perform” rating to an “underperform” rating and set a $62.00 price target on the stock. in a report on Wednesday, August 10th. Finally, Pivotal Research upgraded shares of Roku from a “sell” rating to a “hold” rating and set a $60.00 price target on the stock in a report on Thursday, September 8th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $138.54.

About Roku

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Roku, Inc, together with its subsidiaries, 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 TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

See Also

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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