Public Employees Retirement System of Ohio Invests $11.37 Million in Roku, Inc. $ROKU

Public Employees Retirement System of Ohio bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 82,301 shares of the company’s stock, valued at approximately $11,369,000.

Other large investors have also recently bought and sold shares of the company. Bayban raised its position in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 260 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Roku during the fourth quarter worth about $31,000. Rakuten Securities Inc. increased its stake in Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares during the period. Elevation Wealth Partners LLC increased its stake in Roku by 208.7% during the second quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock valued at $44,000 after acquiring an additional 215 shares during the period. Finally, Osbon Capital Management LLC acquired a new position in Roku in the 4th quarter valued at approximately $45,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on ROKU shares. KeyCorp downgraded Roku from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 15th. Guggenheim cut Roku from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $145.00 to $160.00 in a research report on Friday, August 7th. Oppenheimer lowered Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Seaport Research Partners cut Roku from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group downgraded shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat, Roku has a consensus rating of “Hold” and a consensus target price of $156.17.

Insider Transactions at Roku

In other Roku news, CAO Matthew C. Banks sold 552 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $146.25, for a total transaction of $80,730.00. Following the completion of the transaction, the chief accounting officer directly owned 6,619 shares in the company, valued at $968,028.75. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,538 shares of Roku stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $145.93, for a total value of $2,997,110.34. Following the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at approximately $2,218,136. The trade was a 57.47% 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 sold 160,452 shares of company stock valued at $21,794,802. 13.45% of the stock is owned by insiders.

Roku Price Performance

Shares of ROKU opened at $157.68 on Monday. The company has a 50-day moving average price of $146.41 and a two-hundred day moving average price of $122.54. The stock has a market cap of $23.40 billion, a price-to-earnings ratio of 67.38 and a beta of 2.01. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $159.89.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.47. Roku had a return on equity of 13.73% and a net margin of 6.82%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 21.9% compared to the same quarter last year. Equities research analysts expect that Roku, Inc. will post 2.85 EPS for the current fiscal year.

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.