Mackenzie Financial Corp purchased a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,051 shares of the company's stock, valued at approximately $662,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. ARK Investment Management LLC grew its holdings in Roku by 1.3% in the second quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company's stock worth $762,096,000 after purchasing an additional 159,785 shares during the last quarter. Vanguard Group Inc. increased its position in Roku by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company's stock valued at $778,560,000 after buying an additional 92,658 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Roku by 24.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company's stock valued at $478,939,000 after buying an additional 1,457,925 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its holdings in Roku by 25.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company's stock worth $462,108,000 after acquiring an additional 1,455,408 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Roku by 5.2% during the second quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company's stock worth $30,013,000 after acquiring an additional 24,926 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.
Shares of ROKU stock opened at $75.89 on Friday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $108.84. The business's 50 day moving average is $66.00 and its two-hundred day moving average is $61.92. The company has a market capitalization of $10.98 billion, a P/E ratio of -19.02 and a beta of 2.06.
Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.45) by $0.21. The firm had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The business's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.76) EPS. On average, research analysts predict that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.
In related news, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now directly owns 54,267 shares of the company's stock, valued at approximately $4,087,933.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Roku news, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now owns 54,267 shares in the company, valued at approximately $4,087,933.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares in the company, valued at approximately $376,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,156 shares of company stock valued at $3,481,100 over the last 90 days. Corporate insiders own 13.98% of the company's stock.
A number of analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Roku from $56.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, September 30th. Needham & Company LLC reissued a "buy" rating and set a $100.00 price objective on shares of Roku in a report on Friday, September 13th. Benchmark restated a "buy" rating and issued a $105.00 target price on shares of Roku in a research note on Thursday, September 12th. JPMorgan Chase & Co. boosted their price target on Roku from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, September 18th. Finally, Macquarie lifted their target price on Roku from $72.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $81.14.
Check Out Our Latest Stock Analysis on 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.
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