Roku, Inc. (NASDAQ:ROKU) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 36.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,513 shares of the company’s stock after purchasing an additional 40,768 shares during the period. New York State Common Retirement Fund’s holdings in Roku were worth $14,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System increased its stake in Roku by 18.7% during the 4th quarter. California Public Employees Retirement System now owns 218,993 shares of the company’s stock valued at $20,073,000 after buying an additional 34,490 shares during the period. Duality Advisers LP boosted its holdings in shares of Roku by 14.0% in the fourth quarter. Duality Advisers LP now owns 10,012 shares of the company’s stock valued at $918,000 after acquiring an additional 1,228 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Roku by 37.7% during the fourth quarter. Sigma Planning Corp now owns 8,428 shares of the company’s stock valued at $773,000 after acquiring an additional 2,306 shares during the period. Handelsbanken Fonder AB raised its holdings in Roku by 16.0% during the fourth quarter. Handelsbanken Fonder AB now owns 24,700 shares of the company’s stock worth $2,264,000 after purchasing an additional 3,400 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Roku in the fourth quarter worth approximately $1,099,000. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on ROKU. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Roku in a research note on Friday. Piper Sandler reaffirmed a “neutral” rating and set a $65.00 target price (down from $81.00) on shares of Roku in a report on Friday. Wells Fargo & Company upped their price target on shares of Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Friday. Wedbush lowered their price objective on shares of Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Morgan Stanley dropped their target price on shares of Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, April 5th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $84.47.

Insider Transactions at Roku

In related news, SVP Stephen H. Kay sold 4,310 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jeffrey M. Blackburn acquired 8,000 shares of Roku stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of the transaction, the director now owns 8,000 shares in the company, valued at $511,680. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Stephen H. Kay sold 4,310 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the transaction, the senior vice president now directly owns 81,459 shares in the company, valued at $5,148,208.80. The disclosure for this sale can be found here. Insiders sold 54,545 shares of company stock valued at $4,364,035 over the last three months. 13.63% of the stock is owned by corporate insiders.

Roku Stock Performance

ROKU opened at $58.66 on Tuesday. Roku, Inc. has a 12-month low of $51.62 and a 12-month high of $108.84. The stock has a fifty day moving average of $62.53 and a 200-day moving average of $78.50.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The firm had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same period in the prior year, the business earned ($1.38) EPS. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post -2.12 EPS for the current fiscal year.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. 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 Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.