Sumitomo Mitsui Trust Group Inc. Has $391.26 Million Stock Position in Roku, Inc. $ROKU

Key Points

• Sumitomo Mitsui Trust Group Inc. has reduced its stake in Roku, Inc. by 6.3%, now holding approximately 3.05% of the company worth $391.26 million.
• Institutional investors collectively own 86.30% of Roku's stock, indicating significant interest from larger investment entities.
• Roku's stock performance has been buoyed by recent analyst upgrades, with Citigroup raising its price target from $85 to $100 and several other firms also increasing their targets.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,451,737 shares of the company's stock after selling 297,326 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 3.05% of Roku worth $391,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Banque Transatlantique SA bought a new position in shares of Roku in the first quarter valued at about $28,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Roku in the first quarter valued at approximately $30,000. Golden State Wealth Management LLC grew its position in shares of Roku by 125.4% in the first 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. JFS Wealth Advisors LLC grew its position in Roku by 327.1% during the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company's stock worth $40,000 after buying an additional 350 shares in the last quarter. Finally, Bogart Wealth LLC grew its position in Roku by 234.1% during the second quarter. Bogart Wealth LLC now owns 461 shares of the company's stock worth $41,000 after buying an additional 323 shares in the last quarter. Institutional investors own 86.30% of the company's stock.

Insiders Place Their Bets

In related news, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $95.82, for a total value of $287,460.00. Following the completion of the sale, the chief financial officer directly owned 80,420 shares of the company's stock, valued at $7,705,844.40. The trade was a 3.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mustafa Ozgen sold 50,527 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total value of $5,052,700.00. The disclosure for this sale can be found here. Insiders sold a total of 328,331 shares of company stock worth $32,640,556 over the last three months. Insiders own 13.98% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROKU. Citigroup increased their price target on Roku from $85.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, September 18th. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Roku in a research report on Monday, July 28th. Bank of America upped their target price on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Susquehanna upped their target price on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Finally, KeyCorp upped their target price on Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roku has an average rating of "Moderate Buy" and a consensus target price of $101.33.

Roku Stock Up 1.0%

Shares of NASDAQ:ROKU opened at $99.28 on Friday. The firm has a market cap of $14.63 billion, a P/E ratio of -236.05, a P/E/G ratio of 11.32 and a beta of 2.13. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $107.25. The business has a fifty day simple moving average of $96.93 and a 200 day simple moving average of $83.46.

Roku (NASDAQ:ROKU - Get Free Report) last announced its 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 during 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%.Roku's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the company earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Roku, Inc. will post -0.3 EPS for the current 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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