Chicago Partners Investment Group LLC lifted its position in Roku, Inc. (NASDAQ:ROKU – Free Report) by 56.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,490 shares of the company’s stock after buying an additional 3,802 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Roku were worth $993,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Y.D. More Investments Ltd acquired a new position in Roku in the 1st quarter valued at $728,000. Fifth Third Bancorp grew its position in shares of Roku by 264.5% in the first quarter. Fifth Third Bancorp now owns 2,934 shares of the company’s stock valued at $278,000 after purchasing an additional 2,129 shares during the last quarter. American Trust grew its position in shares of Roku by 24.1% in the first quarter. American Trust now owns 3,189 shares of the company’s stock valued at $302,000 after purchasing an additional 619 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Roku by 188.9% in the first quarter. Hsbc Holdings PLC now owns 48,347 shares of the company’s stock worth $4,595,000 after purchasing an additional 31,614 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of Roku during the 1st quarter worth about $80,000. 86.30% of the stock is owned by institutional investors.
Insider Buying and Selling at Roku
In other news, Director Neil D. Hunt sold 2,000 shares of Roku stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total transaction of $281,300.00. Following the sale, the director directly owned 9,629 shares in the company, valued at approximately $1,354,318.85. The trade was a 17.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Matthew C. Banks sold 554 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $138.88, for a total transaction of $76,939.52. Following the completion of the sale, the chief accounting officer directly owned 7,171 shares in the company, valued at approximately $995,908.48. The trade was a 7.17% 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 sold 236,499 shares of company stock worth $30,582,963 in the last 90 days. 13.45% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Roku
Trending Headlines about Roku
Here are the key news stories impacting Roku this week:
- Positive Sentiment: Roku is getting more visibility as several articles highlight strong shopper interest in Roku-branded TVs and steep discounts on models sold through Amazon and Best Buy, which may support device adoption and keep the Roku platform in front of consumers.
- Positive Sentiment: The company launched a new Roku City campaign featuring live-action short films and an interactive platform experience, underscoring efforts to deepen engagement with users and advertisers. Roku expands Roku City with new films, interactive platform campaign
- Positive Sentiment: CNET’s coverage of “Roku City Comes Alive” with live-action short films and interactive tours adds to the view that Roku is investing in brand-building and ad-friendly experiences that could help monetization. Roku City Comes Alive With Live-Action Short Films and Interactive Tour
- Neutral Sentiment: Multiple Zacks and Yahoo Finance items note that investors are heavily searching Roku and describe it as a strong momentum stock, which may reflect rising attention but does not by itself change fundamentals. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
- Neutral Sentiment: Articles about Roku TV discounts and product reviews are mostly promotional/consumer-news items, which may help sentiment near term but are unlikely to materially change earnings expectations on their own.
Roku Price Performance
Shares of ROKU stock opened at $143.82 on Friday. Roku, Inc. has a one year low of $78.53 and a one year high of $148.88. The stock has a fifty day moving average price of $132.42 and a 200 day moving average price of $112.31. The stock has a market cap of $21.20 billion, a P/E ratio of 108.14 and a beta of 2.01.
Roku (NASDAQ:ROKU – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.19) EPS. The business’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.
Roku Company 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.
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