Hsbc Holdings PLC Has $3.42 Million Holdings in Roku, Inc. $ROKU

Hsbc Holdings PLC increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 20.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,536 shares of the company's stock after buying an additional 8,380 shares during the quarter. Hsbc Holdings PLC's holdings in Roku were worth $3,420,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ROKU. Garde Capital Inc. acquired a new stake in shares of Roku in the 1st quarter valued at about $25,000. Golden State Wealth Management LLC grew its holdings in shares of Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after buying an additional 247 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Roku during the first quarter worth about $35,000. First PREMIER Bank bought a new position in shares of Roku during the first quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Roku during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup reiterated an "outperform" rating on shares of Roku in a report on Monday. Loop Capital upgraded Roku from a "hold" rating to a "buy" rating and increased their price objective for the stock from $80.00 to $100.00 in a report on Tuesday, June 17th. UBS Group increased their price objective on Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Wall Street Zen upgraded Roku from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Benchmark reiterated a "buy" rating and set a $130.00 price objective on shares of Roku in a report on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Roku currently has an average rating of "Moderate Buy" and an average target price of $98.96.

Roku Stock Performance

NASDAQ:ROKU opened at $95.56 on Wednesday. The stock's 50-day simple moving average is $87.99 and its 200 day simple moving average is $77.84. The company has a market cap of $14.08 billion, a P/E ratio of -227.52, a P/E/G ratio of 13.16 and a beta of 2.05. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.23. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.Roku's quarterly revenue was up 14.7% on a year-over-year basis. 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, equities analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roku news, CAO Matthew C. Banks sold 3,360 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.05, for a total transaction of $285,768.00. Following the transaction, the chief accounting officer owned 5,195 shares of the company's stock, valued at $441,834.75. The trade was a 39.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total value of $270,600.00. Following the transaction, the chief financial officer directly owned 76,132 shares in the company, valued at approximately $6,867,106.40. This trade represents a 3.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 350,502 shares of company stock worth $31,665,946 in the last three months. 13.98% of the stock is owned by corporate insiders.

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.

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