Westfield Capital Management Co. LP Has $114.65 Million Stock Position in Roku, Inc. (NASDAQ:ROKU)

Westfield Capital Management Co. LP grew its stake in Roku, Inc. (NASDAQ:ROKU) by 126.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,535,576 shares of the company’s stock after buying an additional 856,401 shares during the quarter. Westfield Capital Management Co. LP owned 1.06% of Roku worth $114,646,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. UniSuper Management Pty Ltd increased its holdings in Roku by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,800 shares of the company’s stock worth $117,000 after purchasing an additional 900 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Roku by 127.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,912 shares of the company’s stock valued at $3,255,000 after buying an additional 27,940 shares during the last quarter. Natixis bought a new stake in Roku in the 1st quarter valued at approximately $53,000. Canada Pension Plan Investment Board boosted its position in Roku by 138.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock worth $22,314,000 after acquiring an additional 198,600 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Roku by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,174 shares of the company’s stock worth $4,640,000 after acquiring an additional 3,104 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

ROKU opened at $69.20 on Friday. The business has a fifty day simple moving average of $74.45 and a 200 day simple moving average of $65.06. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The company has a market capitalization of $10.05 billion, a PE ratio of -57.67 and a beta of 2.07.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company posted ($2.33) earnings per share. Roku’s revenue was up 16.5% compared to the same quarter last year. Equities analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Matthew C. Banks sold 8,693 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.44, for a total value of $621,027.92. Following the completion of the transaction, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. The trade was a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,240 shares of company stock worth $6,729,582. Corporate insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Wolfe Research upgraded shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a research note on Thursday, September 12th. Loop Capital raised their price objective on Roku from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Citigroup raised their price target on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Roku has an average rating of “Moderate Buy” and an average price target of $84.14.

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.