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

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in shares of Roku, Inc. (NASDAQ:ROKU) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,150 shares of the company’s stock after selling 4,950 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Roku were worth $3,162,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the last quarter. Aventura Private Wealth LLC bought a new position in Roku during the 4th quarter worth approximately $26,000. Westfuller Advisors LLC bought a new position in Roku during the 3rd quarter worth approximately $30,000. WPG Advisers LLC bought a new stake in shares of Roku in the 4th quarter valued at $31,000. Finally, Root Financial Partners LLC bought a new stake in shares of Roku in the 3rd quarter valued at $33,000. Institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other Roku news, insider Gilbert Fuchsberg sold 9,593 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $125.52, for a total transaction of $1,204,113.36. Following the sale, the insider directly owned 50,863 shares of the company’s stock, valued at $6,384,323.76. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $128.79, for a total transaction 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 90 days, insiders sold 688,038 shares of company stock valued at $76,076,295. Insiders own 13.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ROKU. Stifel Nicolaus set a $160.00 price objective on shares of Roku in a research note on Monday, March 2nd. Susquehanna lifted their price objective on shares of Roku from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Friday, May 1st. KeyCorp lifted their price objective on shares of Roku from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Jefferies Financial Group boosted their price target on shares of Roku from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Weiss Ratings upgraded shares of Roku from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.42.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $125.85 on Friday. The company’s 50-day moving average is $105.97 and its 200 day moving average is $102.59. The company has a market capitalization of $18.55 billion, a P/E ratio of 94.62 and a beta of 2.04. Roku, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $131.39.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS 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 the consensus estimate of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.19) earnings per share. As a group, research analysts predict that Roku, Inc. will post 2.41 earnings per share for the current year.

Roku Company Profile

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.