Highland Capital Management LLC Acquires 39,797 Shares of Roku, Inc. $ROKU

Highland Capital Management LLC increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 153.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,770 shares of the company’s stock after acquiring an additional 39,797 shares during the quarter. Highland Capital Management LLC’s holdings in Roku were worth $5,781,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ROKU. Wealth Enhancement Advisory Services LLC lifted its holdings in Roku by 19.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock worth $463,000 after acquiring an additional 1,024 shares during the period. GAMMA Investing LLC raised its stake in shares of Roku by 14,242.3% in the first quarter. GAMMA Investing LLC now owns 67,552 shares of the company’s stock valued at $4,758,000 after buying an additional 67,081 shares during the period. Merit Financial Group LLC raised its stake in shares of Roku by 17.2% in the first quarter. Merit Financial Group LLC now owns 10,111 shares of the company’s stock valued at $712,000 after buying an additional 1,487 shares during the period. Gateway Investment Advisers LLC raised its stake in shares of Roku by 7.1% in the first quarter. Gateway Investment Advisers LLC now owns 14,620 shares of the company’s stock valued at $1,030,000 after buying an additional 974 shares during the period. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Roku in the first quarter valued at $35,000. 86.30% of the stock is currently owned by institutional investors.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $89.64, for a total value of $2,241,000.00. Following the completion of the transaction, the chief executive officer directly owned 11,953 shares in the company, valued at approximately $1,071,466.92. This represents a 67.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles Collier sold 212,559 shares of the company’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $20,193,105.00. Following the completion of the transaction, the insider owned 200 shares of the company’s stock, valued at $19,000. The trade was a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 529,986 shares of company stock worth $51,523,263. 13.98% of the stock is currently owned by corporate insiders.

Roku Trading Up 0.0%

ROKU opened at $103.85 on Friday. The stock has a 50-day moving average price of $93.99 and a 200-day moving average price of $81.03. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $105.45. The stock has a market capitalization of $15.30 billion, a P/E ratio of -247.26, a PEG ratio of 14.54 and a beta of 2.13.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned ($0.18) EPS. The company’s revenue for the quarter 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, equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

ROKU has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of Roku in a research note on Wednesday. Pivotal Research boosted their target price on Roku from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Guggenheim boosted their target price on Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Wedbush restated an “outperform” rating and issued a $100.00 target price on shares of Roku in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Roku presently has an average rating of “Moderate Buy” and a consensus price target of $101.33.

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.