Roku, Inc. $ROKU Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 20.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,245 shares of the company's stock after selling 15,204 shares during the quarter. Allianz Asset Management GmbH's holdings in Roku were worth $5,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bayforest Capital Ltd boosted its holdings in Roku by 13.4% in the second quarter. Bayforest Capital Ltd now owns 6,411 shares of the company's stock valued at $563,000 after purchasing an additional 756 shares in the last quarter. CWM LLC boosted its holdings in Roku by 41.7% in the second quarter. CWM LLC now owns 18,860 shares of the company's stock valued at $1,658,000 after purchasing an additional 5,551 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Roku by 21.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,070 shares of the company's stock valued at $1,325,000 after purchasing an additional 2,643 shares in the last quarter. Aberdeen Group plc boosted its holdings in Roku by 76.1% in the second quarter. Aberdeen Group plc now owns 5,803 shares of the company's stock valued at $510,000 after purchasing an additional 2,508 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in Roku by 327.1% in the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company's stock valued at $40,000 after purchasing an additional 350 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ROKU shares. KeyCorp increased their price objective on Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Roku in a report on Monday, July 28th. Pivotal Research increased their price objective on Roku from $100.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Guggenheim increased their price objective on Roku from $100.00 to $105.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company increased their price objective on Roku from $100.00 to $113.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.33.

Roku Price Performance

Shares of NASDAQ ROKU opened at $96.03 on Thursday. The stock has a fifty day moving average price of $96.72 and a 200 day moving average price of $83.18. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $107.25. The company has a market cap of $14.15 billion, a PE ratio of -228.64, a P/E/G ratio of 11.50 and a beta of 2.13.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly 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. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned ($0.18) earnings per share. The company's revenue for the quarter was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $94.01, for a total value of $2,350,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew C. Banks sold 2,180 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total value of $213,313.00. Following the completion of the transaction, the chief accounting officer owned 5,355 shares of the company's stock, valued at $523,986.75. The trade was a 28.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,331 shares of company stock valued at $32,640,556. 13.98% of the stock is currently owned by company insiders.

Roku Company 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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