American Century Companies Inc. Grows Position in Roku, Inc. (NASDAQ:ROKU)

American Century Companies Inc. lifted its stake in Roku, Inc. (NASDAQ:ROKU) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,847 shares of the company’s stock after buying an additional 877 shares during the quarter. American Century Companies Inc.’s holdings in Roku were worth $1,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ROKU. Quarry LP boosted its holdings in shares of Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after purchasing an additional 610 shares during the last quarter. Natixis purchased a new position in shares of Roku in the 1st quarter worth $53,000. Finally, Versant Capital Management Inc increased its holdings in shares of Roku by 706.2% in the 2nd quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock worth $55,000 after buying an additional 798 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Trading Up 1.0 %

Shares of Roku stock opened at $74.41 on Monday. The company has a fifty day simple moving average of $64.43 and a 200-day simple moving average of $61.53. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of -18.65 and a beta of 2.06. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. During the same quarter in the previous year, the company earned ($0.76) EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts forecast that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares of the company’s stock, valued at $4,087,933.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the sale, the chief executive officer now owns 5,020 shares of the company’s stock, valued at $376,500. The disclosure for this sale can be found here. Insiders have sold a total of 46,945 shares of company stock worth $3,465,135 over the last quarter. 13.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ROKU. Rosenblatt Securities cut their price objective on shares of Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Wedbush reiterated an “outperform” rating and issued a $75.00 target price on shares of Roku in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Roku from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Macquarie reduced their target price on shares of Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $79.10.

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.