1 week Ago By Defense World Staff
Prudential Financial Inc. trimmed its holdings in shares of Roku, Inc. (NASDAQ:ROKU – Free Report) by 73.
7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,697 shares of the company’s stock after selling 15,997 shares during the period. Prudential Financial Inc.
’s holdings in Roku were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors have also added to or reduced their stakes in the company. Jupiter Asset Management Ltd.
grew its stake in Roku by 164.5% in the fourth quarter. Jupiter Asset Management Ltd.
now owns 506,351 shares of the company’s stock valued at $37,642,000 after purchasing an additional 314,931 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Roku by 1.
5% during the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock worth $910,597,000 after acquiring an additional 185,676 shares in the last quarter.
National Bank of Canada FI lifted its position in Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after acquiring an additional 149,514 shares during the last quarter.
Principal Financial Group Inc. boosted its stake in Roku by 1,107.2% in the fourth quarter.
Principal Financial Group Inc. now owns 103,032 shares of the company’s stock valued at $7,659,000 after acquiring an additional 94,497 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Roku in the fourth quarter worth $5,546,000.
Hedge funds and other institutional investors own 86.30% of the company’s stock. Roku Stock PerformanceROKU opened at $63.
86 on Thursday. The company has a fifty day moving average of $77.29 and a two-hundred day moving average of $76.
79. Roku, Inc. has a fifty-two week low of $48.
33 and a fifty-two week high of $104.96. The stock has a market capitalization of $9.
32 billion, a price-to-earnings ratio of -71.75 and a beta of 2.17.
Roku (NASDAQ:ROKU – Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.
44) by $0.20. Roku had a negative return on equity of 5.
34% and a negative net margin of 3.15%. The firm had revenue of $1.
20 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, equities research analysts forecast that Roku, Inc.
will post -0.3 earnings per share for the current year. Analyst Upgrades and DowngradesA number of analysts have recently weighed in on the company.
Bank of America initiated coverage on Roku in a research report on Thursday, March 27th. They issued a “buy” rating and a $100.00 price objective for the company.
UBS Group upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. FBN Securities began coverage on shares of Roku in a research report on Friday, March 28th. They issued an “outperform” rating and a $93.
00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Roku from $92.
00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and raised their price target for the stock from $65.
00 to $125.00 in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company.
According to MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and an average price target of $96.70.
Get Our Latest Report on RokuInsider Activity at RokuIn other news, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $80.
36, for a total value of $153,166.16. Following the sale, the chief accounting officer now owns 7,256 shares in the company, valued at $583,092.
16. This trade represents a 20.80 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 20th.
The stock was sold at an average price of $75.00, for a total transaction of $345,000.00.
Following the transaction, the chief executive officer now owns 6,243 shares of the company’s stock, valued at approximately $468,225. This trade represents a 42.42 % decrease in their position.
The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,905 shares of company stock valued at $8,632,306. 13.
98% of the stock is owned by company insiders. About Roku (Free Report)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.Featured ArticlesFive stocks we like better than RokuBusiness Services Stocks InvestingQuantum Computing: The $6.
5 Billion Opportunity You Can’t IgnoreWhat is a SEC Filing?Are Tariffs Threatening Disney’s Comeback Story?Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Is Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding ROKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roku, Inc. (NASDAQ:ROKU – Free Report).
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