Dimensional Fund Advisors LP sells 150,934 shares of Roku, Inc. (NASDAQ:ROKU)

VaselineOctober 3, 2024

0 4 minutes read

Dimensional Fund Advisors LP reduced its stake in shares of Roku, Inc. (NASDAQ:ROKU – Free Report) by 23.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,699 shares of the company’s stock after selling 150,934 shares during the period. Dimensional Fund Advisors LP owned 0.34% of Roku worth $29,765,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ROKU. Quarry LP boosted its holdings in Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 266 shares during the period. Benjamin Edwards Inc. grew its holdings in Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after buying an additional 187 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after purchasing an additional 610 shares in the last quarter. Natixis bought a new position in Roku in the 1st quarter valued at approximately $53,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Roku by 706.2% during the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock worth $55,000 after buying an additional 798 shares in the last quarter. 86.30% of shares are currently owned by institutional investors.

Roku trading down 0.2%

Shares of NASDAQ ROKU opened at $74.18 on Thursday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The company’s 50-day moving average is $64.93 and its 200-day moving average is $61.65. The firm has a market cap of $10.73 billion, a PE ratio of -18.56 and a beta of 2.06.

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Roku (NASDAQ:ROKU – Get Free Report ) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. In the same quarter last year, the business posted EPS of ($0.76). The company’s quarterly revenue was up 14.3% year over year. As a group, equities research analysts anticipate that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Analysts on Wall Street are forecasting an increase

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities dropped their target price on shares of Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Citigroup boosted their price objective on shares of Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Bank of America boosted their price target on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target on the stock in a research note on Thursday, September 12th. Finally, Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Roku currently has an average rating of “Hold” and a consensus price target of $80.29, based on data from MarketBeat.com.

Get the latest stock analysis on ROKU

Insider Transactions at Roku

In other news, insider Charles Collier sold 3,590 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total transaction of $233,350.00. Following the completion of the transaction, the insider now directly owns 12,064 shares of the company’s stock, valued at approximately $784,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In other Roku news, insider Charles Collier sold 3,590 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the transaction, the insider now owns 12,064 shares of the company’s stock, valued at $784,160. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares in the company, valued at approximately $376,500. The disclosure for this sale can be found here. Insiders have sold a total of 47,156 shares of company stock worth $3,481,100 over the last three months. 13.98% of shares are currently owned by corporate insiders.

About Roku

(Free Report)

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 more. The Platform segment provides digital advertising, including direct and programmatic video advertising, media and entertainment promotional spend and related services; and distribution of streaming services, such as subscription and transaction revenue shares and the sale of premium subscriptions and branded app buttons on remote controls.