State of Wyoming Increases Stock Position in Roku, Inc. $ROKU

State of Wyoming raised its stake in Roku, Inc. (NASDAQ:ROKU) by 353.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,448 shares of the company’s stock after acquiring an additional 8,143 shares during the period. State of Wyoming’s holdings in Roku were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 172,221 shares during the period. Acadian Asset Management LLC lifted its stake in Roku by 41.2% in the second quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock valued at $236,545,000 after buying an additional 785,864 shares during the last quarter. Tableaux LLC acquired a new stake in shares of Roku in the second quarter valued at approximately $1,746,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Roku by 21.9% in 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 period. Finally, Duquesne Family Office LLC grew its position in shares of Roku by 123.0% during the second quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock worth $96,723,000 after acquiring an additional 606,900 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ROKU shares. Zacks Research upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Wedbush upped their target price on shares of Roku from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $145.00 target price on shares of Roku in a research note on Thursday, October 2nd. Susquehanna reissued a “positive” rating and set a $130.00 price target on shares of Roku in a report on Friday, October 31st. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Roku in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.09.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 50,000 shares of the company’s 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Charles Collier sold 118,088 shares of the stock in a transaction dated 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 transaction, the insider owned 200 shares of the company’s stock, valued at $23,000. This represents a 99.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 490,668 shares of company stock worth $51,948,686 in the last ninety days. 13.98% of the stock is currently owned by corporate insiders.

Roku Stock Up 1.1%

NASDAQ ROKU opened at $107.47 on Friday. The stock has a market capitalization of $15.88 billion, a P/E ratio of -537.32 and a beta of 1.98. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $116.66. The firm has a 50-day moving average price of $99.18 and a 200 day moving average price of $92.70.

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

Roku Company Profile

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.