Virtu Financial LLC Invests $1.11 Million in Roku, Inc. $ROKU

Virtu Financial LLC purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,246 shares of the company’s stock, valued at approximately $1,112,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Compound Planning Inc. raised its holdings in Roku by 32.4% in the 4th quarter. Compound Planning Inc. now owns 3,688 shares of the company’s stock worth $400,000 after acquiring an additional 902 shares during the last quarter. Invesco Ltd. boosted its stake in Roku by 6.8% during the 4th quarter. Invesco Ltd. now owns 205,115 shares of the company’s stock valued at $22,253,000 after purchasing an additional 13,111 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Roku by 1,836.4% during the 4th quarter. Corient Private Wealth LLC now owns 296,903 shares of the company’s stock valued at $32,211,000 after purchasing an additional 281,570 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of Roku in the 4th quarter worth $69,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Roku by 11.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 39,147 shares of the company’s stock worth $4,247,000 after purchasing an additional 3,879 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is at the center of renewed M&A speculation, with articles highlighting its large user base as a valuable asset and suggesting the company could benefit from consolidation in streaming and digital distribution. Roku is reportedly exploring a sale, and its 100 million users are the biggest prize
• Positive Sentiment: Media coverage of Fox’s move involving Roku has reinforced the idea that Roku sits on a valuable streaming gateway, which could make the company more strategically important to larger media players. How Roku became way more important than you realize
• Positive Sentiment: Roku continues to be promoted in “streaming stocks to watch” and buyout-focused commentary, which can keep investor interest elevated even without a formal deal announcement. The Netflix-Lionsgate Rumor Exposed a Bigger Shift in Media M&A (ROKU)
• Neutral Sentiment: ARK Invest reportedly reduced its Roku position again while increasing exposure to other tech and AI names, suggesting some portfolio rotation away from Roku rather than a fundamental thesis change. Cathie Wood buys more Tesla, cuts Roku as ARK doubles down on AI
• Neutral Sentiment: Roku is also getting consumer-facing attention from discounted hardware promotions and stock-watch list coverage, but these headlines are unlikely to move the shares much on their own. Roku Streaming Stick Plus 4K & HDR is under $37
• Negative Sentiment: Some coverage is turning more cautious, warning that a potential Fox-Roku deal could raise distribution-bias concerns and that buyout investors may not get as much value as they hoped. Fox’s Roku deal raises concerns over distribution bias
• Negative Sentiment: A separate article says the latest YouTube TV update is causing problems for some Roku owners, which could weigh on sentiment if it points to platform friction for users. Latest YouTube TV update is making life miserable for some Roku owners

Roku Price Performance

NASDAQ ROKU opened at $138.07 on Friday. The business’s fifty day moving average price is $122.72 and its 200-day moving average price is $107.74. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 103.81 and a beta of 2.06. Roku, Inc. has a 1-year low of $77.64 and a 1-year high of $148.88.

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

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded Roku from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a report on Monday, June 15th. Evercore downgraded Roku from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Wells Fargo & Company boosted their target price on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Susquehanna cut shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research note on Tuesday. Finally, Citizens Jmp downgraded shares of Roku from a “market outperform” rating to a “hold” rating in a report on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $153.71.

Insider Buying and Selling at Roku

In other Roku news, insider Charles Collier sold 205,821 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total value of $21,611,205.00. Following the transaction, the insider directly owned 11,131 shares of the company’s stock, valued at approximately $1,168,755. This trade represents a 94.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the sale, the insider owned 19,185 shares of the company’s stock, valued at approximately $2,762,640. This represents a 34.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 713,194 shares of company stock valued at $81,763,589. 13.45% of the stock is owned by company insiders.

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.