Roku, Inc. (NASDAQ:ROKU) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC grew its holdings in Roku, Inc. (NASDAQ:ROKU) by 645.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 221,557 shares of the company’s stock after acquiring an additional 191,831 shares during the quarter. AQR Capital Management LLC owned about 0.15% of Roku worth $13,278,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after buying an additional 266 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Roku by 43.5% during the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after acquiring an additional 187 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after acquiring an additional 610 shares in the last quarter. Finally, Cedar Wealth Management LLC purchased a new position in shares of Roku during the second quarter worth about $48,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup raised their price target on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Wells Fargo & Company raised shares of Roku from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $50.00 to $72.00 in a report on Thursday, September 5th. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Tuesday. Wedbush restated an “outperform” rating and issued a $75.00 price objective on shares of Roku in a research note on Friday, August 2nd. Finally, Wolfe Research upgraded shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price for the company in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $80.29.

Insider Activity

In related news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the transaction, the chief financial officer now directly owns 54,267 shares in the company, valued at $4,087,933.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares of the company’s stock, valued at approximately $4,087,933.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value 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 $376,500. The disclosure for this sale can be found here. Insiders sold a total of 46,945 shares of company stock valued at $3,465,135 over the last quarter. Company insiders own 13.98% of the company’s stock.

Roku Trading Down 0.4 %

NASDAQ:ROKU opened at $74.34 on Wednesday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $108.84. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of -18.63 and a beta of 2.06. The company’s 50-day moving average is $64.68 and its two-hundred day moving average is $61.58.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.21. The business had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.76) earnings per share. On average, equities research analysts forecast that Roku, Inc. will post -1.44 earnings per share 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.