Dimensional Fund Advisors LP Has $70.98 Million Position in Roku, Inc. $ROKU

Dimensional Fund Advisors LP boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 3.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 750,581 shares of the company’s stock after acquiring an additional 22,657 shares during the period. Dimensional Fund Advisors LP’s holdings in Roku were worth $70,980,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raleigh Capital Management Inc. grew its position in shares of Roku by 6.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock worth $144,000 after buying an additional 93 shares during the period. Apollon Wealth Management LLC increased its position in shares of Roku by 1.5% during the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after acquiring an additional 96 shares in the last quarter. Quantum Portfolio Management LLC increased its holdings in Roku by 2.6% during the 1st quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock worth $391,000 after purchasing an additional 105 shares in the last quarter. HB Wealth Management LLC raised its position in Roku by 3.7% in the 1st quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock valued at $326,000 after buying an additional 122 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Roku by 21.7% in the fourth quarter. Quarry LP now owns 689 shares of the company’s stock valued at $75,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Transactions at Roku

In other news, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $140.65, for a total value of $281,300.00. Following the completion of the sale, the director directly owned 9,629 shares of the company’s stock, valued at $1,354,318.85. This trade represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Matthew C. Banks sold 554 shares of Roku stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $138.88, for a total value of $76,939.52. Following the transaction, the chief accounting officer owned 7,171 shares of the company’s stock, valued at $995,908.48. This represents a 7.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 224,181 shares of company stock valued at $29,043,628. Company insiders own 13.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ROKU shares. Needham & Company LLC raised their price objective on Roku from $140.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 15th. Oppenheimer lowered Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Citigroup raised their price target on Roku from $120.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Piper Sandler lowered Roku from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $148.00 to $160.00 in a research report on Tuesday, June 16th. Finally, Guggenheim upped their price objective on Roku from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Ten investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $155.12.

Roku Stock Performance

Shares of ROKU stock opened at $145.01 on Friday. Roku, Inc. has a 52-week low of $78.53 and a 52-week high of $148.88. The stock has a market cap of $21.38 billion, a price-to-earnings ratio of 109.03 and a beta of 2.01. The firm’s 50-day moving average is $136.45 and its 200-day moving average is $114.86.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) earnings per share. Sell-side analysts predict that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Roku Company 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.