Roku, Inc. $ROKU Shares Sold by EULAV Asset Management

EULAV Asset Management trimmed its holdings in Roku, Inc. (NASDAQ:ROKU) by 11.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 118,000 shares of the company’s stock after selling 16,000 shares during the period. EULAV Asset Management’s holdings in Roku were worth $12,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Roku by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock valued at $1,301,557,000 after acquiring an additional 322,858 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Roku by 275.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after acquiring an additional 1,897,407 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Roku by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock valued at $267,389,000 after acquiring an additional 168,214 shares during the last quarter. Holocene Advisors LP lifted its holdings in Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after acquiring an additional 1,285,585 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in Roku by 0.9% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,112,478 shares of the company’s stock valued at $120,693,000 after acquiring an additional 9,990 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand its free ad-supported streaming lineup, adding new channels including Sports Illustrated and FIFA Plus, plus four more free channels in June. That supports engagement on The Roku Channel and could improve ad inventory and viewing time. Article Title
• Positive Sentiment: The company also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, which may help drive device sales and keep Roku’s ecosystem competitive. Article Title
• Positive Sentiment: Roku has been benefiting from a bullish narrative around its growing household reach and stronger live-sports positioning, which investors may see as supportive of future ad and platform revenue. Article Title

Roku Trading Down 2.7%

ROKU stock opened at $122.26 on Friday. Roku, Inc. has a one year low of $73.91 and a one year high of $133.46. The firm has a market capitalization of $18.02 billion, a PE ratio of 91.93 and a beta of 2.06. The firm has a 50-day moving average of $115.32 and a two-hundred day moving average of $105.15.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group set a $170.00 price target on shares of Roku in a report on Thursday, May 28th. Moffett Nathanson reissued a “neutral” rating and issued a $100.00 price target on shares of Roku in a report on Friday, February 13th. Benchmark upped their price target on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a report on Friday, May 1st. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of Roku in a report on Friday, February 13th. Finally, KeyCorp upped their price objective on shares of Roku from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Twenty-two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $145.29.

Insider Activity at Roku

In other news, insider Gilbert Fuchsberg sold 4,376 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $127.26, for a total value of $556,889.76. Following the completion of the sale, the insider directly owned 51,099 shares of the company’s stock, valued at $6,502,858.74. This represents a 7.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Charles Collier sold 7,067 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $127.26, for a total transaction of $899,346.42. Following the completion of the sale, the insider directly owned 15,200 shares of the company’s stock, valued at $1,934,352. This trade represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 696,631 shares of company stock valued at $77,636,680. Corporate insiders own 13.45% of the company’s stock.

Roku Profile

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.