BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduces Stake in Roku, Inc. $ROKU

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 78.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,250 shares of the company’s stock after selling 4,560 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Roku were worth $110,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new stake in Roku during the 1st quarter worth about $28,000. Beaird Harris Wealth Management LLC purchased a new stake in Roku during the 1st quarter worth about $30,000. JFS Wealth Advisors LLC lifted its holdings in Roku by 327.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock worth $40,000 after purchasing an additional 350 shares in the last quarter. Bogart Wealth LLC lifted its holdings in Roku by 234.1% during the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock worth $41,000 after purchasing an additional 323 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Roku during the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Trading Down 0.4%

Shares of Roku stock opened at $105.67 on Thursday. The firm has a market capitalization of $15.57 billion, a PE ratio of -528.32, a price-to-earnings-growth ratio of 5.27 and a beta of 2.18. The business’s 50-day moving average price is $98.71 and its 200-day moving average price is $86.50. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The company’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) EPS. Roku has set its Q4 2025 guidance at EPS. As a group, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the transaction, the chief executive officer directly owned 45,712 shares in the company, valued at approximately $4,571,200. This represents a 35.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mustafa Ozgen sold 50,527 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total value of $5,052,700.00. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 483,463 shares of company stock worth $50,048,127. 13.98% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group increased their price objective on Roku from $95.00 to $103.00 and gave the stock a “neutral” rating in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Roku in a report on Wednesday, October 1st. Wells Fargo & Company boosted their price objective on Roku from $113.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Guggenheim boosted their price objective on Roku from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, JMP Securities reissued a “market outperform” rating and set a $145.00 price objective on shares of Roku in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $110.18.

About Roku

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. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.