BlackRock Inc. raised its holdings in Roku Inc (NASDAQ:ROKU) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,527,905 shares of the company’s stock after buying an additional 197,400 shares during the period. BlackRock Inc. owned about 3.23% of Roku worth $108,096,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group acquired a new position in shares of Roku in the third quarter valued at approximately $59,000. We Are One Seven LLC acquired a new position in shares of Roku in the fourth quarter valued at approximately $27,000. Capital Investment Advisory Services LLC acquired a new position in shares of Roku in the fourth quarter valued at approximately $35,000. Essex Investment Management Co. LLC acquired a new position in shares of Roku in the fourth quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Roku in the third quarter valued at approximately $128,000. 43.00% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on ROKU. Zacks Investment Research downgraded Roku from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. DA Davidson raised Roku from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, December 3rd. ValuEngine raised Roku from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. BidaskClub raised Roku from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Finally, Citigroup increased their price target on Roku from $44.00 to $53.00 and gave the stock a “neutral” rating in a research report on Monday, February 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Roku has an average rating of “Buy” and an average price target of $65.07.

In other Roku news, VP Chas Smith sold 16,319 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $30.23, for a total value of $493,323.37. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steve Louden sold 170,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $53.24, for a total value of $9,050,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 445,639 shares of company stock worth $23,706,555. Company insiders own 0.55% of the company’s stock.

Shares of NASDAQ:ROKU opened at $62.18 on Thursday. The company has a market cap of $7.07 billion, a P/E ratio of -777.25 and a beta of 3.90. Roku Inc has a 1 year low of $26.30 and a 1 year high of $77.57.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 21st. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $275.74 million for the quarter, compared to the consensus estimate of $262.57 million. Roku had a negative return on equity of 4.06% and a negative net margin of 1.19%. Analysts forecast that Roku Inc will post -0.71 EPS for the current fiscal year.

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About Roku

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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Institutional Ownership by Quarter for Roku (NASDAQ:ROKU)

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