Roku, Inc. (NASDAQ:ROKU) Stock Holdings Boosted by Truist Financial Corp

Truist Financial Corp lifted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 12.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,669 shares of the company’s stock after acquiring an additional 944 shares during the period. Truist Financial Corp’s holdings in Roku were worth $2,717,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Roku by 3.7% during the second quarter. Vanguard Group Inc. now owns 7,899,493 shares of the company’s stock worth $3,627,842,000 after acquiring an additional 279,159 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Roku by 16.9% during the second quarter. Allianz Asset Management GmbH now owns 3,122,661 shares of the company’s stock worth $1,434,082,000 after acquiring an additional 450,985 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Roku by 9.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,792,448 shares of the company’s stock worth $875,014,000 after acquiring an additional 245,338 shares during the last quarter. State Street Corp grew its position in shares of Roku by 13.2% during the second quarter. State Street Corp now owns 2,383,636 shares of the company’s stock worth $1,094,685,000 after acquiring an additional 278,761 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Roku by 9.1% during the second quarter. Geode Capital Management LLC now owns 1,492,220 shares of the company’s stock worth $684,368,000 after acquiring an additional 124,592 shares during the last quarter. Institutional investors and hedge funds own 60.97% of the company’s stock.

A number of equities analysts recently issued reports on ROKU shares. Cleveland Research started coverage on shares of Roku in a research report on Thursday, September 30th. They issued a “buy” rating and a $389.00 target price for the company. Susquehanna Bancshares decreased their target price on shares of Roku from $530.00 to $380.00 and set a “positive” rating for the company in a research report on Thursday, November 4th. Pivotal Research decreased their target price on shares of Roku from $410.00 to $350.00 and set a “hold” rating for the company in a research report on Thursday, November 4th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Roku from $500.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 4th. Finally, Truist dropped their target price on shares of Roku from $390.00 to $360.00 and set a “buy” rating on the stock in a report on Wednesday, November 17th. Four analysts have rated the stock with a sell rating, two have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Roku currently has a consensus rating of “Buy” and an average target price of $380.74.

ROKU stock opened at $167.48 on Friday. The company has a current ratio of 4.43, a quick ratio of 4.32 and a debt-to-equity ratio of 0.03. Roku, Inc. has a 1 year low of $159.76 and a 1 year high of $490.76. The company has a fifty day simple moving average of $226.87 and a 200 day simple moving average of $315.46. The firm has a market cap of $22.50 billion, a PE ratio of 82.50, a PEG ratio of 2.24 and a beta of 1.71.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, November 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.42. Roku had a net margin of 11.22% and a return on equity of 12.69%. The business had revenue of $679.95 million during the quarter, compared to analyst estimates of $682.57 million. During the same quarter in the previous year, the business earned $0.09 EPS. As a group, analysts forecast that Roku, Inc. will post 1.55 EPS for the current fiscal year.

In related news, CEO Anthony J. Wood sold 85,000 shares of Roku stock in a transaction on Monday, November 1st. The shares were sold at an average price of $314.70, for a total value of $26,749,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 80,000 shares of the business’s stock in a transaction on Monday, November 15th. The stock was sold at an average price of $273.78, for a total transaction of $21,902,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 421,541 shares of company stock valued at $104,689,123. 15.32% of the stock is owned by company insiders.

Roku Company Profile

Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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