AQR Capital Management LLC Raises Position in Roku, Inc. $ROKU

AQR Capital Management LLC increased its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 491.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 562,027 shares of the company's stock after acquiring an additional 467,005 shares during the period. AQR Capital Management LLC owned about 0.39% of Roku worth $38,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ROKU. Garde Capital Inc. bought a new position in shares of Roku in the 1st quarter valued at $25,000. Golden State Wealth Management LLC increased its stake in shares of Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after purchasing an additional 247 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Roku in the 1st quarter valued at $35,000. First PREMIER Bank bought a new position in shares of Roku in the 1st quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Roku in the 4th quarter valued at $41,000. Institutional investors own 86.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ROKU. JMP Securities lifted their price target on Roku from $110.00 to $145.00 and gave the company a "market outperform" rating in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Citigroup reiterated an "outperform" rating on shares of Roku in a research report on Monday, August 25th. Pivotal Research upped their price target on Roku from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Needham & Company LLC upped their price target on Roku from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $100.36.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.07, for a total transaction of $267,210.00. Following the completion of the sale, the chief financial officer directly owned 73,132 shares of the company's stock, valued at $6,513,867.24. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew C. Banks sold 3,360 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.05, for a total value of $285,768.00. Following the completion of the sale, the chief accounting officer directly owned 5,195 shares of the company's stock, valued at approximately $441,834.75. This trade represents a 39.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 318,588 shares of company stock worth $29,753,228 in the last three months. Insiders own 13.98% of the company's stock.

Roku Stock Down 2.4%

NASDAQ:ROKU traded down $2.40 on Tuesday, hitting $96.99. The stock had a trading volume of 4,292,525 shares, compared to its average volume of 3,953,997. The business's fifty day moving average is $90.38 and its 200 day moving average is $78.15. The company has a market cap of $14.29 billion, a PE ratio of -230.93, a P/E/G ratio of 13.33 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.23. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

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.