Arizona State Retirement System Has $2.75 Million Stake in Roku, Inc. (NASDAQ:ROKU)

Arizona State Retirement System lifted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,986 shares of the company’s stock after buying an additional 612 shares during the period. Arizona State Retirement System’s holdings in Roku were worth $2,750,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Raelipskie Partnership acquired a new position in Roku during the third quarter worth $32,000. Game Plan Financial Advisors LLC bought a new position in Roku in the fourth quarter valued at $37,000. GS Investments Inc. increased its stake in Roku by 33.4% in the 3rd 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 last quarter. Finally, Allworth Financial LP lifted its position in Roku by 52.8% during the 4th quarter. Allworth Financial LP now owns 634 shares of the company’s stock worth $50,000 after buying an additional 219 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Roku Price Performance

ROKU stock opened at $76.67 on Monday. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of -86.15 and a beta of 2.12. The business’s fifty day moving average price is $82.29 and its two-hundred day moving average price is $77.05. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Research analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of recent research reports. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and lifted their target price for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. Benchmark boosted their price target on Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Wells Fargo & Company raised Roku from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $74.00 to $129.00 in a report on Friday, February 14th. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Moffett Nathanson raised shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target on the stock in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.71.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,193,100.32. This trade represents a 48.51 % 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 link. Also, CAO Matthew C. Banks sold 1,906 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares of the company’s stock, valued at $583,092.16. This represents a 20.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,308 shares of company stock worth $10,362,166. Corporate insiders own 13.98% of the company’s stock.

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.