21,058 Shares in Roku, Inc. $ROKU Acquired by Fortis Group Advisors LLC

Fortis Group Advisors LLC purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 21,058 shares of the company’s stock, valued at approximately $2,285,000.

A number of other institutional investors and hedge funds have also modified their holdings of ROKU. AQR Capital Management LLC raised its stake in shares of Roku by 275.5% during the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after buying an additional 1,897,407 shares during the last quarter. Holocene Advisors LP raised its stake in shares of Roku by 352.3% during the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after buying an additional 1,285,585 shares during the last quarter. Duquesne Family Office LLC raised its stake in shares of Roku by 123.0% during the second quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock worth $96,723,000 after buying an additional 606,900 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Roku by 172.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 931,653 shares of the company’s stock worth $101,075,000 after buying an additional 590,286 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Roku during the third quarter worth approximately $55,660,000. 86.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of recent research reports. Rosenblatt Securities boosted their price target on shares of Roku from $118.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Moffett Nathanson restated a “neutral” rating and set a $100.00 price objective on shares of Roku in a report on Friday, February 13th. Piper Sandler boosted their price objective on shares of Roku from $140.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Citizens Jmp boosted their price objective on shares of Roku from $160.00 to $170.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Finally, KeyCorp boosted their price objective on shares of Roku from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.42.

Insider Activity at Roku

In other news, insider Gilbert Fuchsberg sold 9,593 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $125.52, for a total value of $1,204,113.36. Following the completion of the transaction, the insider owned 50,863 shares in the company, valued at $6,384,323.76. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the completion of the transaction, the insider owned 11,131 shares of the company’s stock, valued at $1,168,755. This trade represents a 94.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 692,038 shares of company stock worth $76,667,575 over the last ninety days. 13.45% of the stock is owned by corporate insiders.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $124.16 on Thursday. The stock has a market cap of $18.30 billion, a P/E ratio of 93.35 and a beta of 2.04. The firm has a 50 day moving average price of $107.90 and a 200 day moving average price of $103.27. Roku, Inc. has a 52-week low of $67.67 and a 52-week high of $131.39.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.19) earnings per share. Analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is expanding its content offerings, including new free channels and a dedicated “Creators” hub, which can improve engagement, boost ad inventory, and make the platform more attractive to viewers and advertisers.
• Positive Sentiment: Cineverse launched new subscription channels on The Roku Channel, signaling continued third-party partner growth and more monetization opportunities for Roku’s platform. Article Title
• Positive Sentiment: Zacks highlighted Roku as a strong momentum stock, reinforcing bullish investor sentiment around the shares. Article Title
• Positive Sentiment: Analyst updates and options activity have leaned constructive, with price-target increases and bullish trade ideas suggesting Wall Street sees upside remaining in Roku.
• Neutral Sentiment: Recent articles about setting up VPNs, integrating Roku with other devices, and troubleshooting older Roku hardware are mostly consumer-help content and are unlikely to materially affect the stock.
• Negative Sentiment: The CFO sold shares in a pre-arranged 10b5-1 plan, which can weigh slightly on sentiment even though it does not necessarily signal a change in outlook. Article Title
• Negative Sentiment: One article noted that a Roku and TCL software update may have made some flatscreens unusable, which could create minor reputational concerns if the issue is widespread.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.