New York State Common Retirement Fund Sells 13,574 Shares of Roku, Inc. (NASDAQ:ROKU)

New York State Common Retirement Fund lowered its position in shares of Roku, Inc. (NASDAQ:ROKU) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 141,326 shares of the company’s stock after selling 13,574 shares during the quarter. New York State Common Retirement Fund’s holdings in Roku were worth $46,923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its position in Roku by 7.8% during the third quarter. Great West Life Assurance Co. Can now owns 35,139 shares of the company’s stock valued at $6,636,000 after acquiring an additional 2,529 shares during the last quarter. Iron Horse Wealth Management LLC bought a new stake in Roku during the fourth quarter valued at $37,000. Frontier Capital Management Co. LLC bought a new stake in Roku during the fourth quarter valued at $84,828,000. Larson Financial Group LLC boosted its position in Roku by 441.7% during the fourth quarter. Larson Financial Group LLC now owns 260 shares of the company’s stock valued at $86,000 after acquiring an additional 212 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Roku by 6.4% during the fourth quarter. First Trust Advisors LP now owns 74,823 shares of the company’s stock valued at $24,843,000 after acquiring an additional 4,477 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Mai Fyfield sold 306 shares of the stock in a transaction that occurred on Thursday, December 24th. The shares were sold at an average price of $360.00, for a total transaction of $110,160.00. Following the completion of the transaction, the director now directly owns 306 shares of the company’s stock, valued at approximately $110,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 300,000 shares of the stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $438.18, for a total transaction of $131,454,000.00. Following the transaction, the chief executive officer now directly owns 300,000 shares of the company’s stock, valued at $131,454,000. The disclosure for this sale can be found here. Insiders sold a total of 826,757 shares of company stock valued at $296,324,957 over the last ninety days. 22.70% of the stock is currently owned by insiders.

A number of brokerages have commented on ROKU. Moffett Nathanson upped their price target on shares of Roku from $180.00 to $365.00 in a research report on Friday, January 15th. DA Davidson upped their price objective on shares of Roku from $300.00 to $560.00 and gave the company a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Roku from $400.00 to $500.00 and gave the company a “buy” rating in a report on Friday. They noted that the move was a valuation call. Morgan Stanley upped their price objective on shares of Roku from $200.00 to $275.00 and gave the company an “underweight” rating in a report on Wednesday, February 17th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on shares of Roku from $375.00 to $460.00 and gave the company a “buy” rating in a report on Monday, January 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. Roku presently has a consensus rating of “Buy” and a consensus target price of $371.74.

Shares of ROKU stock opened at $437.28 on Tuesday. Roku, Inc. has a 52-week low of $58.22 and a 52-week high of $486.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 3.29. The company has a 50-day simple moving average of $422.37 and a two-hundred day simple moving average of $276.72. The company has a market capitalization of $55.50 billion, a price-to-earnings ratio of -520.57 and a beta of 1.95.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 18th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.54. Roku had a negative net margin of 6.53% and a negative return on equity of 11.15%. On average, sell-side analysts forecast that Roku, Inc. will post -0.78 EPS for the current fiscal year.

Roku Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2019, the company had 36.9 million active accounts.

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