Roku, Inc. (NASDAQ:ROKU) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 20.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,438 shares of the company’s stock after buying an additional 66,756 shares during the period. Deutsche Bank AG’s holdings in Roku were worth $28,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Roku by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company’s stock valued at $880,753,000 after acquiring an additional 254,504 shares during the period. Marshall Wace LLP grew its stake in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after purchasing an additional 2,030,036 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Roku by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock worth $168,734,000 after purchasing an additional 215,841 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Roku by 505.3% during the fourth 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 period. Finally, Two Sigma Investments LP raised its stake in shares of Roku by 149.8% during the fourth quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company’s stock valued at $90,017,000 after purchasing an additional 726,077 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. Bank of America increased their target price on shares of Roku from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Guggenheim raised their price objective on shares of Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Roku in a report on Friday, May 2nd. KeyCorp increased their price target on Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Pivotal Research lifted their price target on Roku from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Roku presently has an average rating of “Moderate Buy” and a consensus price target of $98.96.

Insiders Place Their Bets

In related news, insider Charles Collier sold 212,559 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the transaction, the insider directly owned 200 shares of the company’s stock, valued at approximately $19,000. The trade was a 99.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $89.64, for a total transaction of $2,241,000.00. Following the completion of the transaction, the chief executive officer owned 11,953 shares in the company, valued at approximately $1,071,466.92. This represents a 67.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 337,233 shares of company stock worth $30,423,181. Insiders own 13.98% of the company’s stock.

Roku Stock Up 2.8%

Shares of NASDAQ:ROKU opened at $84.32 on Wednesday. The company’s fifty day moving average is $85.41 and its two-hundred day moving average is $77.22. The company has a market cap of $12.42 billion, a P/E ratio of -200.76, a price-to-earnings-growth ratio of 11.48 and a beta of 2.05. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.23. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%. Roku’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

About Roku

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.