Charles Schwab Investment Management Inc. Acquires 37,465 Shares of Roku, Inc. (NASDAQ:ROKU)

Charles Schwab Investment Management Inc. grew its holdings in Roku, Inc. (NASDAQ:ROKU) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,028,332 shares of the company’s stock after acquiring an additional 37,465 shares during the period. Charles Schwab Investment Management Inc. owned 0.70% of Roku worth $72,436,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Roku by 2.1% in the first quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company’s stock worth $880,753,000 after acquiring an additional 254,504 shares during the period. Marshall Wace LLP raised its position in shares of Roku by 663.9% during the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock valued at $173,644,000 after purchasing an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Roku by 10.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock valued at $168,734,000 after purchasing an additional 215,841 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Roku by 505.3% during 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 period. Finally, Two Sigma Investments LP raised its position in shares of Roku by 149.8% during the 4th 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 during the period. 86.30% of the stock is currently owned by institutional investors.

Insider Activity at Roku

In other news, insider Charles Collier sold 212,559 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $95.00, for a total value of $20,193,105.00. Following the completion of the sale, the insider owned 200 shares in the company, valued at approximately $19,000. The trade was a 99.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $82.42, for a total transaction of $2,060,500.00. Following the completion of the sale, the chief executive officer owned 16,441 shares of the company’s stock, valued at approximately $1,355,067.22. This represents a 60.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 337,233 shares of company stock worth $30,423,181. Corporate insiders own 13.98% of the company’s stock.

Roku Stock Up 4.5%

Shares of NASDAQ:ROKU opened at $88.09 on Thursday. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $104.96. The stock has a market capitalization of $12.98 billion, a P/E ratio of -209.74, a PEG ratio of 11.80 and a beta of 2.05. The firm has a fifty day simple moving average of $85.69 and a two-hundred day simple moving average of $77.29.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned ($0.18) EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

ROKU has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Roku in a research report on Monday, July 28th. Susquehanna raised their price objective on shares of Roku from $85.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Needham & Company LLC raised their price objective on shares of Roku from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Benchmark restated a “buy” rating and set a $130.00 price objective on shares of Roku in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $98.96.

Roku 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.