Westfield Capital Management Co. LP Has $96.48 Million Stock Holdings in Roku, Inc. $ROKU

Westfield Capital Management Co. LP reduced its position in shares of Roku, Inc. (NASDAQ:ROKU) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,097,707 shares of the company’s stock after selling 20,032 shares during the quarter. Westfield Capital Management Co. LP owned about 0.75% of Roku worth $96,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Banque Transatlantique SA bought a new position in shares of Roku in the 1st quarter worth $28,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Roku in the 1st quarter valued at about $30,000. JFS Wealth Advisors LLC boosted its stake 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 acquiring an additional 350 shares during the last quarter. Bogart Wealth LLC increased its stake in Roku by 234.1% in the second quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock valued at $41,000 after purchasing an additional 323 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in Roku in the first quarter worth $44,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ROKU. JMP Securities reissued a “market outperform” rating and issued a $145.00 price target on shares of Roku in a research note on Thursday, October 2nd. Guggenheim boosted their price objective on shares of Roku from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Wall Street Zen upgraded Roku from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. JPMorgan Chase & Co. upped their price objective on Roku from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company raised their price target on Roku from $113.00 to $116.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.14.

Insider Transactions at Roku

In other Roku news, insider Charles Collier sold 118,088 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $115.00, for a total value of $13,580,120.00. Following the completion of the transaction, the insider directly owned 200 shares in the company, valued at approximately $23,000. This trade represents a 99.83% 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. Also, insider Mustafa Ozgen sold 50,527 shares of Roku 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 quarter, insiders sold 525,543 shares of company stock valued at $54,856,429. Corporate insiders own 13.98% of the company’s stock.

Roku Price Performance

Shares of NASDAQ ROKU opened at $96.00 on Thursday. The business has a fifty day moving average price of $99.53 and a two-hundred day moving average price of $89.05. The stock has a market capitalization of $14.18 billion, a PE ratio of -473.83 and a beta of 2.18. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $116.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Roku’s revenue for the quarter was up 14.0% compared to the same quarter last year. Roku has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Roku Profile

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.