Geode Capital Management LLC bought a new stake in Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 119,419 shares of the company’s stock, valued at approximately $6,183,000. Geode Capital Management LLC owned about 0.12% of Roku as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. EAM Investors LLC acquired a new stake in shares of Roku in the fourth quarter valued at about $2,429,000. D L Carlson Investment Group Inc. acquired a new stake in shares of Roku in the fourth quarter valued at about $1,884,000. BlackRock Inc. raised its position in shares of Roku by 48.4% in the fourth quarter. BlackRock Inc. now owns 628,069 shares of the company’s stock valued at $32,521,000 after buying an additional 204,869 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Roku in the fourth quarter valued at about $1,691,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Roku in the fourth quarter valued at about $247,000. Institutional investors and hedge funds own 10.28% of the company’s stock.
Roku stock opened at $33.02 on Tuesday. Roku, Inc. has a 12-month low of $15.75 and a 12-month high of $58.80. The stock has a market cap of $3,254.91 and a P/E ratio of -14.74.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.17. The firm had revenue of $188.30 million for the quarter, compared to analyst estimates of $182.54 million. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. analysts predict that Roku, Inc. will post -0.47 EPS for the current year.
A number of equities research analysts have recently commented on ROKU shares. Vetr cut shares of Roku from a “buy” rating to a “hold” rating and set a $50.90 target price for the company. in a research report on Monday, December 18th. Morgan Stanley cut shares of Roku from an “equal weight” rating to an “underweight” rating and set a $25.00 target price for the company. in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, January 4th. Citigroup cut shares of Roku from a “neutral” rating to a “sell” rating and set a $24.00 target price for the company. in a research report on Friday, January 5th. Finally, BidaskClub cut shares of Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.36.
In other Roku news, major shareholder Globespan Capital Partners V. L sold 1,596,131 shares of the stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $32.99, for a total transaction of $52,656,361.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chas Smith sold 120,000 shares of the stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $33.34, for a total transaction of $4,000,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,777,131 shares of company stock valued at $58,524,942.
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Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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