Baillie Gifford & Co. Has $216.40 Million Holdings in Roku, Inc. (NASDAQ:ROKU)

Baillie Gifford & Co. reduced its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,898,481 shares of the company’s stock after selling 106,885 shares during the quarter. Baillie Gifford & Co.’s holdings in Roku were worth $216,401,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Roku in the 3rd quarter valued at about $43,000. Cedar Wealth Management LLC acquired a new stake in shares of Roku in the 2nd quarter valued at approximately $48,000. Natixis bought a new position in Roku during the 1st quarter worth approximately $53,000. Finally, Versant Capital Management Inc grew its holdings in Roku by 706.2% during the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock valued at $55,000 after purchasing an additional 798 shares during the period. Institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

ROKU has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Friday, August 23rd. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target on the stock in a research report on Thursday, September 12th. Rosenblatt Securities lifted their price objective on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $83.95.

Roku Trading Up 4.5 %

NASDAQ ROKU opened at $77.12 on Tuesday. The company has a market cap of $11.20 billion, a price-to-earnings ratio of -64.27 and a beta of 2.07. The company has a 50 day moving average of $73.47 and a 200-day moving average of $64.19. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.33) EPS. On average, equities research analysts forecast that Roku, Inc. will post -1.1 earnings per share for the current year.

Insider Activity at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total value of $76,250.00. Following the transaction, the chief financial officer now directly owns 53,267 shares of the company’s stock, valued at $4,061,608.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roku news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00. Following the completion of the sale, the chief financial officer now directly owns 53,267 shares in the company, valued at $4,061,608.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $77.20, for a total value of $1,930,000.00. Following the completion of the transaction, the chief executive officer now owns 5,020 shares in the company, valued at approximately $387,544. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,776 shares of company stock valued at $5,267,305 over the last quarter. 13.98% of the stock is owned by corporate insiders.

About Roku

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.