Principal Financial Group Inc. Buys 203,124 Shares of Roku, Inc. (NASDAQ:ROKU)

Principal Financial Group Inc. boosted its stake in Roku, Inc. (NASDAQ:ROKUFree Report) by 1,910.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 213,757 shares of the company’s stock after acquiring an additional 203,124 shares during the period. Principal Financial Group Inc.’s holdings in Roku were worth $15,089,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its position in Roku by 36.7% in the second quarter. Handelsbanken Fonder AB now owns 19,700 shares of the company’s stock worth $1,260,000 after acquiring an additional 5,286 shares during the period. Quadrature Capital Ltd increased its stake in shares of Roku by 1,183.5% in the second quarter. Quadrature Capital Ltd now owns 291,374 shares of the company’s stock worth $18,636,000 after purchasing an additional 268,673 shares in the last quarter. CWM LLC increased its stake in shares of Roku by 26.0% in the third quarter. CWM LLC now owns 8,140 shares of the company’s stock worth $575,000 after purchasing an additional 1,679 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Roku in the second quarter worth about $3,294,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Roku by 68.0% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,400 shares of the company’s stock worth $2,075,000 after purchasing an additional 11,900 shares in the last quarter. Institutional investors own 69.21% of the company’s stock.

Roku Trading Down 2.5 %

Shares of ROKU stock opened at $90.92 on Wednesday. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84. The stock has a market cap of $12.96 billion, a P/E ratio of -14.74 and a beta of 1.93. The company has a 50 day simple moving average of $94.08 and a two-hundred day simple moving average of $82.67.

Roku (NASDAQ:ROKUGet Free Report) last announced its earnings results on Wednesday, November 1st. The company reported ($2.33) EPS for the quarter, missing analysts’ consensus estimates of ($1.91) by ($0.42). Roku had a negative net margin of 25.79% and a negative return on equity of 34.61%. The business had revenue of $912.02 million for the quarter, compared to analysts’ expectations of $856.98 million. During the same period in the prior year, the company posted ($0.88) earnings per share. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. As a group, equities analysts forecast that Roku, Inc. will post -5.01 earnings per share for the current year.

Insider Buying and Selling at Roku

In other Roku news, insider Gidon Katz sold 1,968 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $80.00, for a total transaction of $157,440.00. Following the completion of the sale, the insider now directly owns 20,604 shares of the company’s stock, valued at $1,648,320. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Mustafa Ozgen sold 33,684 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $103.90, for a total value of $3,499,767.60. Following the completion of the sale, the insider now directly owns 2,418 shares of the company’s stock, valued at $251,230.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gidon Katz sold 1,968 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $80.00, for a total transaction of $157,440.00. Following the transaction, the insider now owns 20,604 shares of the company’s stock, valued at approximately $1,648,320. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,682 shares of company stock valued at $12,332,639. Insiders own 13.63% of the company’s stock.

Analyst Ratings Changes

ROKU has been the subject of several recent research reports. Pivotal Research lifted their target price on shares of Roku from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Piper Sandler reduced their price objective on shares of Roku from $90.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 11th. Susquehanna boosted their price objective on shares of Roku from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday, November 2nd. Cannonball Research raised shares of Roku from a “neutral” rating to a “buy” rating and set a $116.00 price objective for the company in a research note on Monday, November 27th. Finally, Moffett Nathanson cut shares of Roku from a “market perform” rating to a “sell” rating and boosted their price objective for the company from $64.00 to $66.00 in a research note on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $84.74.

Read Our Latest Research Report on Roku

Roku Profile

(Free Report)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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