Roku, Inc. $ROKU Shares Acquired by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd increased its stake in Roku, Inc. by 217.4%, holding 9,663 shares now valued at approximately $688,000.
• Several hedge funds, including Two Sigma Investments LP and Northwestern Mutual Wealth Management Co., have significantly boosted their stakes in Roku, reflecting growing institutional interest.
• Roku reported an earnings per share (EPS) of $0.07, which beat analysts' expectations and contributed to a 14.7% year-over-year revenue growth, totaling $1.11 billion for the quarter.

Plato Investment Management Ltd lifted its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 217.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,663 shares of the company's stock after buying an additional 6,619 shares during the period. Plato Investment Management Ltd's holdings in Roku were worth $688,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ROKU. Two Sigma Investments LP boosted its stake 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 buying an additional 726,077 shares during the period. Tremblant Capital Group acquired a new stake in shares of Roku during the fourth quarter worth about $43,220,000. Duquesne Family Office LLC acquired a new stake in shares of Roku during the first quarter worth about $34,769,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Roku by 38,431.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 489,353 shares of the company's stock worth $34,470,000 after buying an additional 488,083 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in Roku by 479.1% during the fourth quarter. Two Sigma Advisers LP now owns 568,100 shares of the company's stock worth $42,233,000 after purchasing an additional 470,000 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Trading Up 1.5%

Shares of Roku stock opened at $96.39 on Friday. 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 $14.20 billion, a PE ratio of -229.50, a price-to-earnings-growth ratio of 13.29 and a beta of 2.05. The company has a 50-day moving average of $90.93 and a two-hundred day moving average of $78.43.

Roku (NASDAQ:ROKU - Get Free Report) last issued 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. 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 period last year, the company posted ($0.18) earnings per share. The firm's quarterly 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. On average, sell-side analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Activity at Roku

In other news, insider Mustafa Ozgen sold 50,527 shares of the firm's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Collier sold 212,559 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 200 shares of the company's stock, valued at approximately $19,000. This trade represents a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 394,115 shares of company stock valued at $37,305,928. 13.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ROKU. Needham & Company LLC increased their price target on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. UBS Group increased their price target on shares of Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. JMP Securities increased their price target on shares of Roku from $110.00 to $145.00 and gave the stock a "market outperform" rating in a report on Monday. Finally, Pivotal Research increased their price target on shares of Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Roku presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.67.

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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