Roku Inc (ROKU) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its holdings in Roku Inc (NASDAQ:ROKU) by 1,322.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,742 shares of the company’s stock after acquiring an additional 484,125 shares during the period. Northern Trust Corp’s holdings in Roku were worth $22,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in Roku by 408.3% in the 2nd quarter. BlackRock Inc. now owns 3,245,130 shares of the company’s stock worth $138,307,000 after acquiring an additional 2,606,673 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in shares of Roku by 63.0% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,960,515 shares of the company’s stock worth $126,177,000 after purchasing an additional 1,144,727 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Roku by 35.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,822,057 shares of the company’s stock worth $77,656,000 after purchasing an additional 480,762 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in shares of Roku during the 2nd quarter worth about $31,972,000. Finally, EastBay Asset Management LLC purchased a new stake in shares of Roku during the 2nd quarter worth about $25,971,000. 33.57% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ ROKU opened at $51.82 on Monday. The stock has a market cap of $5.50 billion and a PE ratio of -23.13. Roku Inc has a 52 week low of $18.50 and a 52 week high of $77.57.



ROKU has been the subject of a number of recent research reports. UBS Group raised Roku from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 3rd. Oppenheimer raised Roku from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Tuesday, July 3rd. BidaskClub raised Roku from a “hold” rating to a “buy” rating in a research note on Saturday, July 7th. Zacks Investment Research downgraded Roku from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, KeyCorp raised their price target on Roku from $44.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 17th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $63.82.

In other news, CEO Anthony J. Wood sold 125,000 shares of the stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $62.21, for a total transaction of $7,776,250.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 370,486 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $57.10, for a total value of $21,154,750.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,264,754 shares of company stock worth $80,524,846. 0.55% of the stock is currently owned by insiders.

Roku Company Profile

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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