Nykredit A S Makes New Investment in Roku, Inc. $ROKU

Nykredit A S acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,524 shares of the company’s stock, valued at approximately $625,000.

Other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Roku by 10.6% in the fourth quarter. AQR Capital Management LLC now owns 2,860,149 shares of the company’s stock worth $310,298,000 after purchasing an additional 274,024 shares during the period. Geode Capital Management LLC lifted its position in Roku by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock worth $267,389,000 after purchasing an additional 168,214 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Roku by 229.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock worth $192,868,000 after purchasing an additional 1,419,772 shares during the period. Renaissance Technologies LLC grew its stake in Roku by 22.8% during the first quarter. Renaissance Technologies LLC now owns 1,565,100 shares of the company’s stock worth $148,090,000 after buying an additional 290,200 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Roku by 0.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,509,686 shares of the company’s stock worth $163,786,000 after buying an additional 12,705 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citizens Jmp cut shares of Roku from a “market outperform” rating to a “hold” rating in a research report on Tuesday, June 16th. Needham & Company LLC reiterated a “buy” rating on shares of Roku in a research report on Friday, August 7th. KeyCorp cut shares of Roku from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Roku from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Susquehanna downgraded shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 price objective for the company. in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $156.17.

Insiders Place Their Bets

In other Roku news, insider Charles Collier sold 20,538 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $145.93, for a total transaction of $2,997,110.34. Following the sale, the insider owned 15,200 shares of the company’s stock, valued at approximately $2,218,136. The trade was a 57.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 7,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $143.87, for a total transaction of $1,007,090.00. Following the transaction, the chief financial officer owned 79,963 shares of the company’s stock, valued at $11,504,276.81. This trade represents a 8.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 145,773 shares of company stock worth $20,575,950 over the last 90 days. Insiders own 13.45% of the company’s stock.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $155.59 on Tuesday. The company has a market cap of $23.09 billion, a price-to-earnings ratio of 66.49 and a beta of 2.05. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $159.89. The stock has a 50-day moving average price of $148.95 and a two-hundred day moving average price of $125.42.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.47. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the company posted $0.07 EPS. On average, sell-side analysts predict that Roku, Inc. will post 2.85 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.