Fred Alger Management Adds $24M in Roku, Inc. ($ROKU)
Key Points
- Fred Alger Management changed its Roku, Inc. ($ROKU) stake by 11.9% last quarter, boosting to 1,591,123 shares worth $228.61 million.
- Wall Street's consensus rating on $ROKU is Strong Buy and an average price target of $147.89.
- $ROKU last traded around $143.68.
Fred Alger Management increased its position in Roku, Inc. ($ROKU) by 11.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,591,123 shares of Roku, Inc. after buying 169,683 shares during the quarter. Fred Alger Management's holdings in Roku, Inc. were worth $228.61 million as of its most recent filing.
Roku, Inc. ($ROKU) Stock
Roku, Inc. Earnings
Analysts Set New Price Targets
About Roku, Inc.
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, as well as offers digital advertising services. The company also sells streaming players, Roku-branded TVs, smart home products and services, audio products, and related accessories. Roku, Inc. was incorporated in 2002 and is headquartered in San Jose, California.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.