Gilder Gagnon Howe & Co. LLC Has $76.48 Million Position in Roku, Inc. $ROKU

Gilder Gagnon Howe & Co. LLC raised its position in Roku, Inc. (NASDAQ:ROKU) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 870,161 shares of the company’s stock after purchasing an additional 32,785 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 0.59% of Roku worth $76,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Roku by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,675,816 shares of the company’s stock valued at $1,114,077,000 after buying an additional 172,221 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Roku by 41.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock worth $236,545,000 after acquiring an additional 785,864 shares during the last quarter. Tableaux LLC acquired a new position in Roku in the 2nd quarter valued at approximately $1,746,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Roku by 21.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company’s stock valued at $111,372,000 after acquiring an additional 284,323 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Roku by 44.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,062,416 shares of the company’s stock valued at $93,376,000 after acquiring an additional 325,890 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Charles Collier sold 118,088 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $115.00, for a total transaction of $13,580,120.00. Following the completion of the sale, the insider owned 200 shares of the company’s stock, valued at $23,000. This trade represents a 99.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 50,000 shares of Roku stock in a transaction on Monday, November 10th. The shares were sold at an average price of $103.86, for a total transaction of $5,193,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 490,668 shares of company stock worth $51,948,686 over the last 90 days. Company insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ROKU. UBS Group boosted their price objective on shares of Roku from $95.00 to $103.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Citizens Jmp reaffirmed a “market outperform” rating and set a $145.00 target price on shares of Roku in a report on Tuesday, December 2nd. Susquehanna reiterated a “positive” rating and issued a $130.00 price target on shares of Roku in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Roku from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.09.

Roku Trading Up 1.1%

ROKU stock opened at $107.47 on Friday. The stock has a 50-day moving average price of $99.18 and a 200-day moving average price of $92.55. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $116.66. The firm has a market cap of $15.88 billion, a PE ratio of -537.32 and a beta of 1.98.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company earned ($0.06) EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

About Roku

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.