Next Century Growth Investors LLC bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,599 shares of the company’s stock, valued at approximately $2,235,000.
Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in 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 acquiring an additional 1,897,407 shares in the last quarter. Holocene Advisors LP boosted its stake in 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 acquiring an additional 1,285,585 shares in the last quarter. Norges Bank bought a new stake in Roku during the fourth quarter worth about $92,808,000. Alyeska Investment Group L.P. boosted its stake in Roku by 380.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 882,915 shares of the company’s stock worth $95,787,000 after acquiring an additional 699,336 shares in the last quarter. Finally, Duquesne Family Office LLC boosted its stake in 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 acquiring an additional 606,900 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.
Roku Stock Performance
Shares of Roku stock opened at $143.66 on Monday. The stock has a market capitalization of $21.18 billion, a PE ratio of 108.02 and a beta of 2.06. Roku, Inc. has a 52-week low of $73.91 and a 52-week high of $148.88. The company has a 50-day simple moving average of $118.73 and a two-hundred day simple moving average of $106.32.
Trending Headlines about Roku
Here are the key news stories impacting Roku this week:
- Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
- Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
- Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
- Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
- Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares
Insiders Place Their Bets
In other Roku news, CEO Anthony J. Wood sold 75,000 shares of Roku stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Roku stock in a transaction dated Wednesday, April 8th. The stock was 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 directly owned 11,131 shares of the company’s stock, valued at $1,168,755. This trade represents a 94.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 706,194 shares of company stock valued at $80,756,499. Insiders own 13.45% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Roku from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Benchmark boosted their price objective on shares of Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their price objective on shares of Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citigroup reissued a “market outperform” rating on shares of Roku in a research note on Thursday, May 28th. Finally, Evercore reissued an “outperform” rating and set a $185.00 price objective on shares of Roku in a research note on Friday. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.96.
Get Our Latest Analysis on Roku
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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