Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Roku by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 10,483,460 shares of the company’s stock valued at $1,313,263,000 after buying an additional 434,663 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Roku by 23.5% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,403,422 shares of the company’s stock worth $417,553,000 after purchasing an additional 1,408,323 shares during the period. Nikko Asset Management Americas Inc. boosted its position in shares of Roku by 31.1% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 5,664,840 shares of the company’s stock worth $462,251,000 after purchasing an additional 1,344,218 shares during the period. Wellington Management Group LLP boosted its position in shares of Roku by 97.2% during the 1st quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock worth $522,878,000 after purchasing an additional 2,057,633 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Roku by 772.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock worth $351,771,000 after purchasing an additional 2,486,100 shares during the period. Hedge funds and other institutional investors own 66.11% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on ROKU. Pivotal Research lowered their price objective on shares of Roku from $60.00 to $40.00 and set a “sell” rating for the company in a research report on Thursday, November 3rd. KeyCorp reduced their target price on shares of Roku from $80.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, November 1st. DA Davidson reduced their target price on shares of Roku from $130.00 to $80.00 in a report on Thursday, November 3rd. Rosenblatt Securities lowered shares of Roku from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $100.00 to $51.00 in a report on Thursday, November 3rd. Finally, Guggenheim lowered shares of Roku from a “buy” rating to a “neutral” rating in a report on Thursday, November 3rd. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Roku has an average rating of “Hold” and an average price target of $87.56.
Roku Stock Up 0.8 %
NASDAQ ROKU opened at $55.36 on Tuesday. Roku, Inc. has a 12 month low of $38.26 and a 12 month high of $168.60. The firm’s fifty day moving average price is $49.79 and its 200 day moving average price is $58.24.
Insiders Place Their Bets
In other Roku news, insider Gidon Katz sold 7,010 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total transaction of $395,784.60. Following the transaction, the insider now directly owns 13,917 shares of the company’s stock, valued at approximately $785,753.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Roku news, SVP Stephen H. Kay sold 1,469 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total transaction of $82,939.74. Following the transaction, the senior vice president now directly owns 81,290 shares of the company’s stock, valued at approximately $4,589,633.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gidon Katz sold 7,010 shares of Roku stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total transaction of $395,784.60. Following the completion of the sale, the insider now directly owns 13,917 shares in the company, valued at approximately $785,753.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,519 shares of company stock valued at $599,411. Insiders own 13.79% of the company’s stock.
About Roku
(Get Rating)
Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Platform and Player. The Platform segment includes digital advertising and related services including the OneView ad platform, content distribution, and licensing arrangements with service operators and TV brands.
Further Reading
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