Maryland State Retirement & Pension System raised its shares of Roku, Inc. (NASDAQ: ROKU – Free Report) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 9,629 shares of the company’s stock after acquiring 755 shares during the period. Maryland State Retirement & Pension System’s holdings in Roku were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of ROKU. CoreCap Advisors LLC purchased a new stake in shares of Roku during the 4th quarter worth approximately $25,000. ICA Group Wealth Management LLC purchased a new stake in Roku during the 4th quarter valued at $25,000. Benjamin Edwards Inc. raised its holdings in Roku by 33.6% during the 4th quarter.
Benjamin Edwards Inc. now owns 759 shares of the company’s stock valued at $31,000 after buying an additional 191 shares.
Beacon Capital Management LLC raised its holdings in Roku by 155.6% during the 4th quarter. Beacon Capital Management LLC now owns 979 shares of the company’s stock valued at $40,000 after buying 596 shares. Finally, TFC Financial Management Inc. purchased a new stake in Roku during the 4th quarter valued at $41,000. 69.59% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on ROKU shares. Truist Financial decreased its price target on Roku from $70.00 to $65.00 in a Thursday, April 27th report. Piper Sandler initiated coverage on Roku in a report on Wednesday, June 28th. They set a “neutral” rating and a $65.00 price target on the stock.
SpectralCast reaffirmed a “maintains” rating on shares of Roku in a research report on Thursday, April 27th…