Brevan Howard Capital Management LP Lowers Stake in Roku, Inc. $ROKU

Brevan Howard Capital Management LP cut its stake in Roku, Inc. (NASDAQ:ROKU) by 37.3% in the 3rd quarter, Holdings Channel reports. The fund owned 41,112 shares of the company’s stock after selling 24,478 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Roku were worth $4,117,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Ausdal Financial Partners Inc. lifted its stake in Roku by 6.6% during the third quarter. Ausdal Financial Partners Inc. now owns 49,774 shares of the company’s stock worth $4,984,000 after purchasing an additional 3,087 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Roku by 9.3% during the 3rd quarter. California Public Employees Retirement System now owns 227,081 shares of the company’s stock valued at $22,738,000 after purchasing an additional 19,310 shares during the last quarter. Algert Global LLC increased its position in shares of Roku by 33.8% during the 3rd quarter. Algert Global LLC now owns 213,101 shares of the company’s stock valued at $21,338,000 after purchasing an additional 53,824 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Roku by 30.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 437,705 shares of the company’s stock valued at $43,827,000 after buying an additional 101,017 shares in the last quarter. Finally, Creative Planning lifted its position in Roku by 134.6% in the 3rd quarter. Creative Planning now owns 42,154 shares of the company’s stock worth $4,221,000 after buying an additional 24,187 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Price Performance

NASDAQ ROKU opened at $91.65 on Monday. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $116.66. The stock has a market capitalization of $13.51 billion, a PE ratio of 160.79 and a beta of 1.98. The business’s 50-day moving average is $98.04 and its 200 day moving average is $99.76.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.25. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Roku had a return on equity of 3.40% and a net margin of 1.87%.The business’s revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) earnings per share. As a group, equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku’s recent operational wins and bullish analyst notes helped drive a run-up into March — analysts have raised targets and coverage remains largely positive, supporting longer‑term growth expectations. Read More.
• Positive Sentiment: Product and engagement initiatives (new on‑platform game “Roklue” and improved Live TV search) aim to boost time‑spent and ad monetization, which can support platform revenue growth. Read More.
• Positive Sentiment: Content deals: Roku secured exclusive streaming rights to a new X Games League, which can help drive unique live content and viewer engagement on the platform. Read More.
• Positive Sentiment: Retail promotions and steep discounts on Roku TVs and projectors are widespread this month — such device promotions can expand the user base and ad reach if they translate into active accounts. Read More.
• Neutral Sentiment: Ad/measurement ecosystem update: Pixalate released DEFASED pre‑bid CTV blocklists (daily lists of apps delisted from app stores). This is an industry tool for buyers/sellers and could change ad targeting or inventory mix, but its direct impact on Roku revenue is unclear today. Read More.
• Negative Sentiment: Insider sale headline: CEO Anthony Wood’s trust sold 50,000 shares (filed as a March 10 transaction, average ~$99.68). Even if pre‑planned under a 10b5‑1, the disclosure can prompt near‑term selling pressure and headline-driven volatility. Read More.
• Negative Sentiment: Heavy historical insider selling: multiple senior insiders have only sold (no purchases) over recent months, a datapoint investors often view as a negative signal for near‑term sentiment. Read More.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 75,000 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $109.61, for a total value of $8,220,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gilbert Fuchsberg sold 3,250 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $95.57, for a total value of $310,602.50. Following the completion of the transaction, the insider owned 60,456 shares of the company’s stock, valued at approximately $5,777,779.92. This trade represents a 5.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 198,124 shares of company stock valued at $20,020,428 over the last three months. Corporate insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ROKU shares. Wells Fargo & Company increased their price target on shares of Roku from $116.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Citigroup reaffirmed a “market outperform” rating on shares of Roku in a research note on Monday, March 2nd. Wedbush boosted their price target on shares of Roku from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Stifel Nicolaus set a $160.00 price target on shares of Roku in a research report on Monday, March 2nd. Finally, Pivotal Research raised their price objective on Roku from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.40.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.