Roku, Inc. (NASDAQ:ROKU) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 32.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,946 shares of the company’s stock after selling 23,433 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Roku were worth $2,933,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ROKU. Andra AP fonden raised its stake in shares of Roku by 116.6% in the second quarter. Andra AP fonden now owns 293,900 shares of the company’s stock worth $17,613,000 after purchasing an additional 158,200 shares during the last quarter. Choreo LLC purchased a new position in Roku during the 2nd quarter worth approximately $324,000. Koss Olinger Consulting LLC purchased a new stake in shares of Roku in the 2nd quarter valued at $2,997,000. Arizona State Retirement System increased its stake in shares of Roku by 0.7% in the second quarter. Arizona State Retirement System now owns 34,656 shares of the company’s stock worth $2,077,000 after acquiring an additional 251 shares during the period. Finally, Versor Investments LP raised its holdings in shares of Roku by 379.6% during the second quarter. Versor Investments LP now owns 34,048 shares of the company’s stock worth $2,040,000 after purchasing an additional 26,949 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on ROKU shares. Rosenblatt Securities cut their price target on Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on Roku from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday. Macquarie lowered their price objective on Roku from $88.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective on the stock in a research note on Thursday, September 12th. 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 analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $78.75.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred 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 approximately $376,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,020 shares in the company, valued at approximately $376,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles Collier sold 3,590 shares of Roku stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total value of $233,350.00. Following the completion of the transaction, the insider now directly owns 12,064 shares of the company’s stock, valued at $784,160. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,945 shares of company stock worth $3,389,805. 13.98% of the stock is currently owned by insiders.

Roku Stock Performance

ROKU stock opened at $77.36 on Thursday. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The firm’s 50 day moving average price is $62.70 and its 200-day moving average price is $60.96. The firm has a market cap of $11.15 billion, a PE ratio of -19.39 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The company had revenue of $968.18 million for the quarter, compared to analysts’ expectations of $937.78 million. During the same quarter in the prior year, the company posted ($0.76) earnings per share. Roku’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities research analysts predict that Roku, Inc. will post -1.45 EPS for the current fiscal year.

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.