Kingstone Capital Partners Texas LLC Invests $13.91 Million in Roku, Inc. $ROKU

Key Points

• Kingstone Capital Partners Texas LLC invested approximately $13.91 million in Roku, acquiring 158,238 shares, which represents about 0.11% of the company.
• Roku's CEO and another insider sold a total of 417,025 shares amounting to roughly $39.6 million in recent transactions.
• Analyst ratings for Roku are generally positive, with a consensus target price of $101.33 and a significant number of analysts recommending a buy.

Kingstone Capital Partners Texas LLC bought a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 158,238 shares of the company's stock, valued at approximately $13,908,000. Kingstone Capital Partners Texas LLC owned approximately 0.11% of Roku as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Roku by 2.1% during the first quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock worth $880,753,000 after purchasing an additional 254,504 shares in the last quarter. Acadian Asset Management LLC grew its stake in Roku by 456.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company's stock valued at $134,222,000 after acquiring an additional 1,563,449 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Roku by 21.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company's stock valued at $111,372,000 after acquiring an additional 284,323 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Roku by 3.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company's stock valued at $72,436,000 after acquiring an additional 37,465 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Roku by 6.0% during the 1st quarter. Northern Trust Corp now owns 755,762 shares of the company's stock valued at $53,236,000 after acquiring an additional 42,926 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mustafa Ozgen sold 50,527 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 417,025 shares of company stock worth $39,662,358. 13.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROKU has been the subject of several research reports. Guggenheim upped their price objective on shares of Roku from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, August 1st. UBS Group increased their price target on shares of Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Rosenblatt Securities increased their price target on shares of Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Loop Capital raised shares of Roku from a "hold" rating to a "buy" rating and increased their price target for the company from $80.00 to $100.00 in a research note on Tuesday, June 17th. Finally, Citigroup increased their price target on shares of Roku from $85.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.33.

Roku Stock Up 2.6%

Shares of ROKU stock opened at $101.78 on Friday. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $104.96. The stock has a market capitalization of $15.00 billion, a PE ratio of -242.33, a P/E/G ratio of 14.25 and a beta of 2.05. The firm has a 50 day moving average of $92.00 and a two-hundred day moving average of $79.00.

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

About Roku

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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