Rockefeller Capital Management L.P. Purchases 137,259 Shares of Roku, Inc. (NASDAQ:ROKU)

Rockefeller Capital Management L.P. increased its holdings in Roku, Inc. (NASDAQ:ROKU) by 37.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 505,429 shares of the company’s stock after buying an additional 137,259 shares during the period. Rockefeller Capital Management L.P.’s holdings in Roku were worth $37,735,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. GS Investments Inc. grew its position in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares during the period. PFG Investments LLC raised its stake in shares of Roku by 3.7% in the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after buying an additional 150 shares during the period. True Vision MN LLC grew its stake in shares of Roku by 3.1% during the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after acquiring an additional 152 shares during the period. Mcdonald Partners LLC boosted its position in Roku by 0.9% during the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock worth $1,175,000 after purchasing an additional 175 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Roku by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after purchasing an additional 202 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the transaction, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. This trade represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles Collier sold 15,454 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the sale, the insider now owns 200 shares of the company’s stock, valued at $15,000. This represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,240 shares of company stock worth $6,729,582. Company insiders own 13.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ROKU shares. Bank of America lifted their price target on Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. boosted their price objective on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Piper Sandler increased their target price on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Morgan Stanley boosted their price target on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Citigroup increased their price objective on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $82.62.

Roku Stock Performance

ROKU stock opened at $69.03 on Friday. The company has a market capitalization of $10.02 billion, a PE ratio of -57.52 and a beta of 2.07. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The company’s 50 day moving average price is $73.63 and its two-hundred day moving average price is $65.34.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.33) EPS. On average, research analysts predict that Roku, Inc. will post -1.1 EPS for the current year.

About Roku

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.