The Vanguard Group, Inc. recently announced the acquisition of new stake in Roku Inc (NASDAQ:ROKU). The institutional investor has increased its shareholding in the Communication Services company by 0.71% to 11.31 million shares with purchase of 79784.0 shares. This fresh investment now brings its stake to 9.04% valued currently at $1.04 billion. In addition, Fidelity Management & Research Co raised its holdings by 4.15 million to 9.07 million shares. And BlackRock Fund Advisors has lifted its position by 0.67% or 31449.0 shares – to 4.74 million shares.
Currently, there are 142.50M common shares owned by the public and among those 124.40M shares have been available to trade.
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Insiders at the company have transacted a total of 101 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 45 of these insider trades were purchases, accounting for 639,101 shares. Insider sales of the common stock occurred on 56 occasions, with total insider shares sold totaling 415,721 shares.
The top 3 mutual fund holders in Roku Inc are ARK Innovation ETF, Fidelity Advisor Series I -Growth, and Vanguard Total Stock Market ETF. ARK Innovation ETF owns 6.98 million shares of the company’s stock, all valued at over $640.02 million. The company sold 32336.0 shares recently to bring their total holdings to about 5.58% of the shares outstanding. Fidelity Advisor Series I -Growth sold -0.19 million shares to see its total holdings shrink to 5.36 million shares valued at over $491.24 million and representing 4.29% of the shares outstanding. Vanguard Total Stock Market ETF bought 39713.0 shares to bring its total holdings to over 3.94 million shares at a value of $360.7 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.15% of the shares outstanding.
The company’s stock has a 5-day price change of 2.80% and 41.58% over the past three months. ROKU shares are trading -3.49% year to date (YTD), with the 12-month market performance up to 77.13% higher. It has a 12-month low price of $49.46 and touched a high of $108.84 over the same period. ROKU has an average intraday trading volume of 7.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.05%, -5.37%, and 18.03% respectively.
Institutional ownership of Roku Inc (NASDAQ: ROKU) shares accounts for 68.25% of the company’s 142.50M shares outstanding. Mutual fund holders own 33.83%, while other institutional holders and individual stakeholders account for 44.33% and 3.59% respectively.
It has a market capitalization of $12.61B and a beta (3y monthly) value of 1.80. The earnings-per-share (ttm) stands at -$6.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.89% over the week and 3.99% over the month.
Analysts forecast that Roku Inc (ROKU) will achieve an EPS of -$0.55 for the current quarter, -$0.72 for the next quarter and -$2.1 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.86 while analysts give the company a high EPS estimate of -$0.23. Comparatively, EPS for the current quarter was -$1.7 a year ago. Earnings per share for the fiscal year are expected to decrease by -39.06%, and 60.65% over the next financial year. EPS should grow at an annualized rate of 43.00% over the next five years, compared to -41.38% over the past 5-year period.
