Two Sigma Investments LP Increases Stake in Roku, Inc. (NASDAQ:ROKU)

Two Sigma Investments LP grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 149.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,210,879 shares of the company’s stock after purchasing an additional 726,077 shares during the quarter. Two Sigma Investments LP owned approximately 0.83% of Roku worth $90,017,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ROKU. Entropy Technologies LP raised its stake in shares of Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after acquiring an additional 18,520 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Roku by 505.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company’s stock valued at $96,402,000 after purchasing an additional 1,082,548 shares during the last quarter. Geode Capital Management LLC increased its holdings in Roku by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock valued at $159,353,000 after purchasing an additional 56,820 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Roku by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock valued at $73,661,000 after purchasing an additional 34,898 shares during the period. Finally, Achmea Investment Management B.V. lifted its stake in Roku by 146.4% during the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company’s stock worth $756,000 after purchasing an additional 6,042 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ROKU shares. JMP Securities restated a “market outperform” rating and set a $95.00 target price on shares of Roku in a report on Friday, May 2nd. Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of Roku in a research note on Friday, May 2nd. Pivotal Research cut their target price on shares of Roku from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Evercore ISI decreased their price target on shares of Roku from $105.00 to $80.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $88.50 price target on shares of Roku in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.93.

Insider Buying and Selling

In other Roku news, CAO Matthew C. Banks sold 1,906 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the transaction, the chief accounting officer now owns 7,256 shares of the company’s stock, valued at approximately $583,092.16. The trade was a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the sale, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,111 shares of company stock worth $1,165,212 in the last quarter. 13.98% of the stock is owned by corporate insiders.

Roku Price Performance

NASDAQ:ROKU opened at $70.83 on Tuesday. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The company has a fifty day moving average price of $65.92 and a 200 day moving average price of $74.52. The stock has a market cap of $10.34 billion, a P/E ratio of -79.58 and a beta of 2.06.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. Roku’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.35) earnings per share. As a group, equities research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current 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.