Landscape Capital Management L.L.C. Acquires 21,586 Shares of Roku, Inc. $ROKU

Landscape Capital Management L.L.C. grew its holdings in Roku, Inc. (NASDAQ:ROKU) by 322.9% during the 4th quarter, HoldingsChannel reports. The firm owned 28,271 shares of the company’s stock after purchasing an additional 21,586 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Roku were worth $3,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Roku by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock worth $1,301,557,000 after acquiring an additional 322,858 shares during the last quarter. AQR Capital Management LLC grew its position in Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after acquiring an additional 1,897,407 shares during the last quarter. Geode Capital Management LLC grew its position in Roku by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock worth $267,389,000 after acquiring an additional 168,214 shares during the last quarter. Holocene Advisors LP grew its position in Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after acquiring an additional 1,285,585 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Roku by 0.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,509,686 shares of the company’s stock worth $163,786,000 after acquiring an additional 12,705 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Activity at Roku

In related news, insider Mustafa Ozgen sold 10,194 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the sale, the insider owned 19,185 shares in the company, valued at $2,762,640. This represents a 34.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,537 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $124.94, for a total value of $2,565,892.78. Following the sale, the insider owned 15,200 shares in the company, valued at approximately $1,899,088. The trade was a 57.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 706,194 shares of company stock worth $80,756,499 over the last quarter. 13.45% of the stock is owned by company insiders.

Roku Stock Performance

Shares of ROKU opened at $143.66 on Monday. The company has a market capitalization of $21.18 billion, a PE ratio of 108.02 and a beta of 2.06. Roku, Inc. has a 12 month low of $73.91 and a 12 month high of $148.88. The stock’s 50-day moving average price is $118.73 and its two-hundred day moving average price is $106.32.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.34 by $0.23. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) EPS. Equities research analysts predict that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Analysts Set New Price Targets

ROKU has been the topic of a number of research reports. Citizens Jmp restated a “market outperform” rating and set a $170.00 price objective on shares of Roku in a research report on Thursday, May 28th. Jefferies Financial Group boosted their price objective on Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Citigroup restated a “market outperform” rating on shares of Roku in a research report on Thursday, May 28th. Susquehanna boosted their price objective on Roku from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, May 1st. Finally, UBS Group set a $170.00 price objective on Roku in a research report on Thursday, May 28th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $146.96.

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.