Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Stake in Roku, Inc. (NASDAQ:ROKU)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,100 shares of the company’s stock after selling 3,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Roku were worth $2,015,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC lifted its stake in shares of Roku by 1.7% during the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after buying an additional 244,793 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Roku during the 3rd quarter valued at approximately $129,015,000. Westfield Capital Management Co. LP lifted its stake in shares of Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after buying an additional 856,401 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Roku by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock valued at $71,373,000 after buying an additional 30,038 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Roku by 352.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after buying an additional 507,643 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $2,510,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,664,415.20. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.73, for a total transaction of $82,730.00. Following the completion of the sale, the chief financial officer now directly owns 64,555 shares of the company’s stock, valued at approximately $5,340,635.15. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,421 shares of company stock valued at $9,660,786. Company insiders own 13.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ROKU. Rosenblatt Securities reiterated a “neutral” rating and issued a $86.00 target price on shares of Roku in a research note on Thursday, February 13th. Wells Fargo & Company upgraded shares of Roku from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Bank of America increased their target price on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Robert W. Baird upgraded shares of Roku from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $70.00 to $90.00 in a research note on Monday, November 18th. Finally, Citigroup increased their price target on shares of Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average target price of $96.00.

Roku Stock Down 0.2 %

Shares of Roku stock opened at $85.57 on Thursday. The firm has a market cap of $12.49 billion, a PE ratio of -96.15 and a beta of 2.05. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The company’s fifty day simple moving average is $81.88 and its two-hundred day simple moving average is $75.77.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, sell-side analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku 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.