North Dakota State Investment Board Makes New Investment in Roku, Inc. $ROKU

North Dakota State Investment Board bought a new position in Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 21,424 shares of the company’s stock, valued at approximately $2,324,000.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in Roku by 680.0% in the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the period. Aventura Private Wealth LLC acquired a new stake in Roku in the fourth quarter worth $26,000. WPG Advisers LLC acquired a new stake in Roku in the fourth quarter worth $31,000. Westfuller Advisors LLC acquired a new stake in Roku in the third quarter worth $30,000. Finally, Root Financial Partners LLC acquired a new stake in Roku in the third quarter worth $33,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Stock Up 0.1%

Shares of NASDAQ:ROKU opened at $124.15 on Tuesday. Roku, Inc. has a 12 month low of $67.67 and a 12 month high of $131.39. The company’s fifty day simple moving average is $107.02 and its 200 day simple moving average is $102.95. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of 93.35 and a beta of 2.04.

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

Insider Transactions at Roku

In other Roku news, insider Gilbert Fuchsberg sold 9,593 shares of Roku stock in a transaction on Friday, May 1st. The shares were sold at an average price of $125.52, for a total value of $1,204,113.36. Following the sale, the insider directly owned 50,863 shares in the company, valued at approximately $6,384,323.76. The trade was a 15.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Matthew C. Banks sold 725 shares of Roku stock in a transaction on Friday, May 1st. The shares were sold at an average price of $125.52, for a total transaction of $91,002.00. Following the completion of the sale, the chief accounting officer owned 6,222 shares in the company, valued at $780,985.44. The trade was a 10.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 692,038 shares of company stock worth $76,667,575. 13.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROKU. Pivotal Research reiterated a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of Roku in a report on Friday, May 1st. Susquehanna raised their price objective on shares of Roku from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Friday, May 1st. Jefferies Financial Group raised their price objective on shares of Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Benchmark raised their price objective on shares of Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company raised their price objective on shares of Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.42.

About Roku

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.