VIRGINIA RETIREMENT SYSTEMS ET Al Sells 4,950 Shares of Roku, Inc. $ROKU

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 14.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,150 shares of the company’s stock after selling 4,950 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Roku were worth $3,162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Roku by 2.5% in the third quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock worth $1,301,557,000 after purchasing an additional 322,858 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Roku by 275.5% in the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after purchasing an additional 1,897,407 shares during the last quarter. Holocene Advisors LP increased its position in shares of Roku by 352.3% in the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after purchasing an additional 1,285,585 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of Roku by 0.4% in the third quarter. Westfield Capital Management Co. LP now owns 1,102,488 shares of the company’s stock worth $110,392,000 after purchasing an additional 4,781 shares during the last quarter. Finally, Duquesne Family Office LLC increased its position in shares of Roku by 123.0% in the second quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock worth $96,723,000 after purchasing an additional 606,900 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Roku Stock Up 0.1%

Shares of ROKU stock opened at $125.85 on Friday. The firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 94.62 and a beta of 2.04. The stock has a fifty day moving average of $105.97 and a 200 day moving average of $102.59. Roku, Inc. has a 52 week low of $67.67 and a 52 week high of $131.39.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.19) earnings per share. Equities research analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ROKU shares. KeyCorp upped their price objective on shares of Roku from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Piper Sandler increased their price target on shares of Roku from $140.00 to $148.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Jefferies Financial Group increased their price target on shares of Roku from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating and set a $150.00 price target on shares of Roku in a research report on Friday, May 1st. Finally, Robert W. Baird increased their price target on shares of Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Roku has a consensus rating of “Moderate Buy” and a consensus target price of $143.42.

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 15,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the completion of the transaction, the chief financial officer owned 85,115 shares of the company’s stock, valued at approximately $8,020,386.45. This trade represents a 14.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 75,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 688,038 shares of company stock worth $76,076,295. Corporate insiders own 13.45% of the company’s stock.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.