Roku, Inc. (NASDAQ:ROKU) Position Trimmed by TCW Group Inc.

TCW Group Inc. decreased its position in Roku, Inc. (NASDAQ:ROKU) by 40.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,179 shares of the company’s stock after selling 19,743 shares during the quarter. TCW Group Inc.’s holdings in Roku were worth $2,169,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares in the last quarter. Raelipskie Partnership bought a new stake in shares of Roku in the 3rd quarter valued at approximately $32,000. Game Plan Financial Advisors LLC bought a new stake in Roku during the fourth quarter worth approximately $37,000. GS Investments Inc. boosted its position in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares during the period. Finally, Allworth Financial LP boosted its position in Roku by 52.8% during the fourth quarter. Allworth Financial LP now owns 634 shares of the company’s stock worth $50,000 after purchasing an additional 219 shares during the period. Institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROKU. Bank of America upped their target price on Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley upped their target price on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Loop Capital upped their target price on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Roku in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

Insider Buying and Selling at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the transaction, the chief financial officer now owns 63,555 shares in the company, valued at $4,905,174.90. This trade represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,193,100.32. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,421 shares of company stock worth $9,660,786 over the last three months. Company insiders own 13.98% of the company’s stock.

Roku Trading Up 2.7 %

Shares of NASDAQ ROKU opened at $91.24 on Tuesday. The business has a fifty day simple moving average of $81.83 and a 200 day simple moving average of $75.55. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of -102.52 and a beta of 2.05. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.