Healthcare of Ontario Pension Plan Trust Fund Has $3.97 Million Stock Position in Roku, Inc. $ROKU

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 25.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,000 shares of the company’s stock after purchasing an additional 8,600 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Roku were worth $3,974,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Roku by 275.5% in the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after buying an additional 1,897,407 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Roku by 229.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock worth $192,868,000 after acquiring an additional 1,419,772 shares in the last quarter. Fred Alger Management LLC increased its position in shares of Roku by 7,087.7% during the fourth quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock worth $154,212,000 after acquiring an additional 1,401,664 shares in the last quarter. Norges Bank acquired a new stake in shares of Roku in the 4th quarter worth about $92,808,000. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Roku by 380.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 882,915 shares of the company’s stock worth $95,787,000 after acquiring an additional 699,336 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Down 0.2%

NASDAQ ROKU opened at $145.09 on Friday. The company’s 50 day moving average is $136.06 and its 200-day moving average is $114.64. Roku, Inc. has a 12-month low of $78.53 and a 12-month high of $148.88. The firm has a market cap of $21.39 billion, a P/E ratio of 109.09 and a beta of 2.01.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted ($0.19) EPS. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. Equities analysts expect that Roku, Inc. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

ROKU has been the topic of several analyst reports. Susquehanna cut Roku from a “positive” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research report on Tuesday, June 16th. Rosenblatt Securities lifted their price objective on shares of Roku from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. UBS Group set a $160.00 target price on shares of Roku in a research note on Monday, June 15th. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Finally, Citizens Jmp lowered shares of Roku from a “market outperform” rating to a “hold” rating in a research report on Tuesday, June 16th. Ten investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $155.12.

Insiders Place Their Bets

In related news, CFO Dan Jedda sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $143.87, for a total value of $1,007,090.00. Following the sale, the chief financial officer directly owned 79,963 shares of the company’s stock, valued at $11,504,276.81. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,538 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $142.51, for a total transaction of $2,926,870.38. Following the sale, the insider owned 15,200 shares in the company, valued at approximately $2,166,152. This trade represents a 57.47% decrease in their position. 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 224,181 shares of company stock worth $29,043,628. Company insiders own 13.45% of the company’s stock.

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.