Roku, Inc. $ROKU Shares Acquired by Amundi

Amundi grew its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 56.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,146 shares of the company's stock after buying an additional 102,960 shares during the quarter. Amundi owned 0.20% of Roku worth $20,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Roku by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock valued at $880,753,000 after acquiring an additional 254,504 shares during the period. Two Sigma Investments LP lifted its position in shares of Roku by 149.8% during the fourth quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock worth $90,017,000 after purchasing an additional 726,077 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Roku by 3.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company's stock valued at $72,436,000 after purchasing an additional 37,465 shares during the period. Northern Trust Corp grew its holdings in shares of Roku by 6.0% in the first quarter. Northern Trust Corp now owns 755,762 shares of the company's stock valued at $53,236,000 after purchasing an additional 42,926 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in Roku by 45.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 736,526 shares of the company's stock worth $51,881,000 after buying an additional 230,175 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insider Activity at Roku

In related news, CAO Matthew C. Banks sold 3,360 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $85.05, for a total value of $285,768.00. Following the transaction, the chief accounting officer directly owned 5,195 shares of the company's stock, valued at $441,834.75. This trade represents a 39.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Charles Collier sold 212,559 shares of Roku stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the sale, the insider owned 200 shares in the company, valued at $19,000. This represents a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 318,588 shares of company stock worth $29,753,228. Corporate insiders own 13.98% of the company's stock.

Roku Price Performance

Shares of ROKU traded down $2.40 during mid-day trading on Tuesday, reaching $96.99. The company's stock had a trading volume of 4,292,525 shares, compared to its average volume of 3,154,715. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $104.96. The stock has a market cap of $14.29 billion, a PE ratio of -230.93, a price-to-earnings-growth ratio of 13.91 and a beta of 2.05. The company's 50 day moving average is $90.60 and its 200 day moving average is $78.28.

Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The firm's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

ROKU has been the subject of several recent research reports. JMP Securities raised their price target on shares of Roku from $110.00 to $145.00 and gave the company a "market outperform" rating in a research report on Monday. Susquehanna increased their price objective on Roku from $85.00 to $110.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Needham & Company LLC boosted their target price on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Rosenblatt Securities upped their price target on Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Finally, Pivotal Research lifted their price objective on Roku from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.36.

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.