US Bancorp DE Acquires 420 Shares of Roku, Inc. (NASDAQ:ROKU)

US Bancorp DE boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 15.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,090 shares of the company’s stock after buying an additional 420 shares during the quarter. US Bancorp DE’s holdings in Roku were worth $231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its stake in shares of Roku by 138.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock worth $22,314,000 after purchasing an additional 198,600 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Roku by 645.3% during the 2nd quarter. AQR Capital Management LLC now owns 221,557 shares of the company’s stock valued at $13,278,000 after acquiring an additional 191,831 shares during the period. ARK Investment Management LLC increased its holdings in Roku by 1.3% in the 2nd quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock worth $762,096,000 after acquiring an additional 159,785 shares in the last quarter. Andra AP fonden raised its stake in Roku by 116.6% during the 2nd quarter. Andra AP fonden now owns 293,900 shares of the company’s stock worth $17,613,000 after acquiring an additional 158,200 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Roku by 6,522.2% in the first quarter. Acadian Asset Management LLC now owns 157,409 shares of the company’s stock worth $10,252,000 after purchasing an additional 155,032 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ROKU. Wells Fargo & Company boosted their price objective on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Wedbush upped their price target on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley boosted their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price for the company in a research note on Thursday, September 12th. Finally, Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $83.95.

Roku Price Performance

Shares of NASDAQ ROKU opened at $75.21 on Thursday. The stock has a fifty day moving average price of $74.12 and a 200 day moving average price of $64.51. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The company has a market cap of $10.92 billion, a PE ratio of -62.68 and a beta of 2.07.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted ($2.33) EPS. Analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the transaction, the chief executive officer now directly owns 5,020 shares in the company, valued at approximately $376,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Roku news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total transaction of $76,250.00. Following the transaction, the chief financial officer now directly owns 53,267 shares in the company, valued at $4,061,608.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the transaction, the chief executive officer now owns 5,020 shares of the company’s stock, valued at $376,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,776 shares of company stock worth $5,267,305. 13.98% of the stock is owned by corporate insiders.

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.