Teachers Retirement System of The State of Kentucky Makes New Investment in Roku, Inc. (NASDAQ:ROKU)

Teachers Retirement System of The State of Kentucky bought a new position in Roku, Inc. (NASDAQ:ROKU – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 109,469 shares of the company’s stock, valued at approximately $6,175,000.

Other institutional investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its position in shares of Roku by 21.6% during the 3rd quarter. California Public Employees Retirement System now owns 246,000 shares of the company’s stock valued at $13,874,000 after acquiring an additional 43,719 shares during the last quarter. PFS Investments Inc. lifted its position in shares of Roku by 10.8% during the 3rd quarter. PFS Investments Inc. now owns 21,602 shares of the company’s stock valued at $1,218,000 after acquiring an additional 2,104 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Roku by 18.6% during the 3rd quarter. IFP Advisors Inc now owns 4,863 shares of the company’s stock valued at $203,000 after acquiring an additional 763 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Roku during the 2nd quarter valued at $2,518,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Roku by 8.5% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 53,630 shares of the company’s stock valued at $3,025,000 after acquiring an additional 4,196 shares during the last quarter. 66.11% of the stock is currently owned by institutional investors and hedge funds.

Roku Price Performance

Roku stock opened at $64.24 on Friday. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of -17.89 and a beta of 1.78. Roku, Inc. has a one year low of $38.26 and a one year high of $139.58. The company’s fifty day moving average price is $59.07 and its two-hundred day moving average price is $56.47.

Roku (NASDAQ:ROKU – Get Rating) last posted its earnings results on Wednesday, February 15th. The company reported ($1.70) EPS for the quarter, topping the consensus estimate of ($1.74) by $0.04. The firm had revenue of $867.06 million for the quarter, compared to the consensus estimate of $803.32 million. Roku had a negative net margin of 15.93% and a negative return on equity of 18.05%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, sell-side analysts anticipate that Roku, Inc. will post -5.35 earnings per share for the current year.

Insider Buying and Selling at Roku

In other Roku news, SVP Stephen H. Kay sold 2,763 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $75.00, for a total transaction of $207,225.00. Following the completion of the sale, the senior vice president now directly owns 78,527 shares in the company, valued at $5,889,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Roku news, SVP Stephen H. Kay sold 2,763 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $75.00, for a total transaction of $207,225.00. Following the completion of the sale, the senior vice president now directly owns 78,527 shares in the company, valued at $5,889,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mustafa Ozgen sold 8,812 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $61.93, for a total transaction of $545,727.16. Following the sale, the insider now owns 25,338 shares of the company’s stock, valued at $1,569,182.34. The disclosure for this sale can be found here. Insiders sold 14,817 shares of company stock worth $953,729 over the last ninety days. Company insiders own 13.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wolfe Research upgraded Roku from an “underperform” rating to a “peer perform” rating in a report on Tuesday. Susquehanna increased their target price on Roku from $58.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, February 16th. Jefferies Financial Group lowered Roku from a “hold” rating to an “underperform” rating and reduced their target price for the company from $45.00 to $30.00 in a report on Thursday, January 12th. Pivotal Research increased their target price on Roku from $40.00 to $55.00 and gave the company a “sell” rating in a report on Thursday, February 16th. Finally, Stephens restated an “overweight” rating and issued a $70.00 target price on shares of Roku in a report on Thursday, February 16th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $82.12.

About Roku

(Get Rating)

Roku, Inc engages in the provision of a streaming platform for television. It operates through the Platform and Devices segments. The Platform segment includes digital advertising and related services including the demand-side platform and content distribution services such as subscription and transaction revenue shares, media and entertainment promotional spending, the sale of premium subscriptions, and the sale of branded channel buttons on remote controls.