TCW Group Inc. Has $2.17 Million Stake in Roku, Inc. (NASDAQ:ROKU)

TCW Group Inc. decreased its stake in Roku, Inc. (NASDAQ:ROKU) by 40.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,179 shares of the company’s stock after selling 19,743 shares during the quarter. TCW Group Inc.’s holdings in Roku were worth $2,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Entropy Technologies LP raised its position in shares of Roku by 264.4% during the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after purchasing an additional 18,520 shares during the period. Holocene Advisors LP acquired a new stake in shares of Roku during the third quarter worth about $129,015,000. National Bank of Canada FI raised its position in shares of Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after purchasing an additional 149,514 shares during the period. EULAV Asset Management raised its position in shares of Roku by 59.1% during the third quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock worth $13,663,000 after purchasing an additional 68,000 shares during the period. Finally, Smith Group Asset Management LLC acquired a new stake in shares of Roku during the third quarter worth about $547,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ROKU shares. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and raised their price target for the stock from $55.00 to $100.00 in a research report on Thursday, February 20th. Benchmark lifted their target price on Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $100.00 target price on shares of Roku in a research report on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Tuesday, January 7th. Finally, Citigroup lifted their target price on Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.00.

Roku Trading Up 2.7 %

Shares of NASDAQ ROKU opened at $91.24 on Tuesday. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The stock has a 50 day moving average of $81.83 and a 200-day moving average of $75.55. The company has a market capitalization of $13.32 billion, a P/E ratio of -102.52 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping 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 company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. 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 Roku stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the sale, the chief financial officer now directly owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 109,421 shares of company stock worth $9,660,786. 13.98% of the stock is owned by company insiders.

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.