OVERSEA CHINESE BANKING Corp Ltd Purchases Shares of 11,987 Roku, Inc. (NASDAQ:ROKU)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Roku, Inc. (NASDAQ:ROKUFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,987 shares of the company’s stock, valued at approximately $1,099,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROKU. FMR LLC lifted its stake in Roku by 85.9% in the third quarter. FMR LLC now owns 9,441,349 shares of the company’s stock valued at $666,465,000 after acquiring an additional 4,363,754 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Roku by 772.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock valued at $351,771,000 after purchasing an additional 2,486,100 shares during the period. Wellington Management Group LLP lifted its stake in Roku by 97.2% in the 1st quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock valued at $522,878,000 after purchasing an additional 2,057,633 shares during the last quarter. Norges Bank acquired a new position in Roku during the fourth quarter worth approximately $32,612,000. Finally, Lord Abbett & CO. LLC acquired a new position in Roku during the third quarter worth approximately $55,182,000. Institutional investors own 86.30% of the company’s stock.

Insider Transactions at Roku

In other Roku news, Director Jeffrey M. Blackburn acquired 8,000 shares of Roku stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $63.96 per share, with a total value of $511,680.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $511,680. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffrey M. Blackburn acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of $63.96 per share, for a total transaction of $511,680.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at $511,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles Collier sold 4,182 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $65.00, for a total transaction of $271,830.00. Following the completion of the sale, the insider now owns 8,474 shares in the company, valued at approximately $550,810. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,545 shares of company stock valued at $4,364,035. Corporate insiders own 13.63% of the company’s stock.

Roku Trading Down 3.0 %

ROKU stock traded down $1.79 during mid-day trading on Friday, hitting $56.90. The stock had a trading volume of 3,592,749 shares, compared to its average volume of 3,159,612. The firm has a fifty day simple moving average of $65.69 and a 200 day simple moving average of $78.91. Roku, Inc. has a 52 week low of $51.62 and a 52 week high of $108.84. The firm has a market capitalization of $8.17 billion, a P/E ratio of -11.33 and a beta of 1.66.

Roku (NASDAQ:ROKUGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.10. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The business had revenue of $984.40 million for the quarter, compared to analysts’ expectations of $967.72 million. During the same period last year, the firm posted ($1.70) earnings per share. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts expect that Roku, Inc. will post -2.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup reduced their target price on Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Benchmark restated a “buy” rating and set a $115.00 target price on shares of Roku in a research note on Friday. Stephens reiterated an “overweight” rating and issued a $105.00 price target on shares of Roku in a research note on Friday, February 16th. Finally, Susquehanna raised their price objective on shares of Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, February 16th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.76.

Check Out Our Latest Stock Analysis on Roku

About Roku

(Free Report)

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.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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