American Century Companies Inc. Acquires 3,024 Shares of Roku, Inc. $ROKU

Key Points

• American Century Companies Inc. raised its position in Roku, Inc. by 6.1%, owning 52,617 shares valued at approximately $3.7 million after purchasing additional shares in the first quarter.
• Roku's recent quarterly earnings report indicates a profit of $0.07 EPS, surpassing expected losses, with revenue of $1.11 billion, reflecting a 14.7% year-over-year increase.
• Several analysts have upgraded their price targets for Roku, with Pivotal Research raising its target from $100 to $120 and maintaining a "buy" rating.

American Century Companies Inc. increased its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,617 shares of the company's stock after acquiring an additional 3,024 shares during the period. American Century Companies Inc.'s holdings in Roku were worth $3,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Roku by 2.1% in the first quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock worth $880,753,000 after buying an additional 254,504 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Roku by 505.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock worth $96,402,000 after acquiring an additional 1,082,548 shares in the last quarter. Two Sigma Investments LP grew its position in Roku by 149.8% in the fourth quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock worth $90,017,000 after acquiring an additional 726,077 shares in the last quarter. Cadian Capital Management LP bought a new stake in Roku in the fourth quarter worth approximately $87,632,000. Finally, Charles Schwab Investment Management Inc. grew its position in Roku by 3.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company's stock worth $72,436,000 after acquiring an additional 37,465 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total transaction of $270,600.00. Following the transaction, the chief financial officer owned 76,132 shares of the company's stock, valued at $6,867,106.40. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew C. Banks sold 3,360 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $85.05, for a total value of $285,768.00. Following the sale, the chief accounting officer directly owned 5,195 shares of the company's stock, valued at $441,834.75. This represents a 39.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 325,502 shares of company stock worth $29,790,946 in the last 90 days. Corporate insiders own 13.98% of the company's stock.

Roku Trading Down 1.0%

Shares of ROKU stock traded down $0.98 during mid-day trading on Friday, reaching $96.56. The company's stock had a trading volume of 2,678,699 shares, compared to its average volume of 3,716,678. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96. The firm's 50-day moving average is $88.92 and its two-hundred day moving average is $78.05.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data 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 quarter in the prior year, the company posted ($0.18) EPS. The business's revenue was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ROKU. Piper Sandler boosted their target price on shares of Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. UBS Group boosted their price objective on shares of Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Pivotal Research boosted their price objective on shares of Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Roku from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $98.96.

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.