Y Intercept Hong Kong Ltd Sells 60,832 Shares of Roku, Inc. $ROKU

Y Intercept Hong Kong Ltd cut its position in Roku, Inc. (NASDAQ:ROKU) by 52.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,627 shares of the company’s stock after selling 60,832 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Roku were worth $5,263,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ROKU. Apollon Wealth Management LLC boosted its holdings in Roku by 1.5% during the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after acquiring an additional 96 shares during the period. Quarry LP increased its stake in shares of Roku by 21.7% in the fourth quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after purchasing an additional 123 shares during the period. Swiss Life Asset Management Ltd lifted its position in shares of Roku by 2.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after purchasing an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Roku by 3.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock worth $398,000 after purchasing an additional 135 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in Roku by 32.1% during the 3rd quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock valued at $56,000 after purchasing an additional 135 shares during the period. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on ROKU shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $160.00 target price on shares of Roku in a report on Monday, June 15th. Seaport Research Partners set a $155.00 price target on Roku in a report on Tuesday, June 16th. Pivotal Research reissued a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of Roku in a research report on Friday, May 1st. Citizens Jmp downgraded shares of Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Roku in a research report on Monday, June 15th. Eleven analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $153.71.

Roku Price Performance

Roku stock opened at $142.43 on Friday. The business has a 50 day moving average price of $128.23 and a two-hundred day moving average price of $110.31. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $148.88. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 107.09 and a beta of 2.01.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.23. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) EPS. On average, analysts expect that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Mustafa Ozgen sold 10,194 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the completion of the transaction, the insider owned 19,185 shares in the company, valued at approximately $2,762,640. This represents a 34.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the transaction, the insider directly owned 11,131 shares of the company’s stock, valued at $1,168,755. The trade was a 94.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 713,020 shares of company stock valued at $81,860,846 over the last ninety days. 13.45% of the stock is owned by company insiders.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is benefiting from a reported $22 billion all-stock takeover agreement with Fox, which could imply a substantial strategic valuation for the company and highlights the importance of Roku’s streaming platform and advertising assets.
• Positive Sentiment: Roku announced a new show focused on the greatest American female athletes, a sign it continues to expand content offerings and attract more viewing engagement. Article Title
• Neutral Sentiment: Roku remains one of the more closely watched stocks on market news and screening sites, keeping attention high as investors assess the Fox deal and the company’s next move. Article Title
• Neutral Sentiment: Analysts currently have a consensus “Hold” rating on Roku, suggesting Wall Street sees meaningful upside potential but is still cautious on valuation and execution. Article Title
• Neutral Sentiment: Roku settled a Florida child-data case and pledged a privacy overhaul, which removes a legal overhang but also signals additional operational and compliance work ahead. Article Title
• Negative Sentiment: Recent insider selling by a Roku CAO and director may weigh on sentiment, even though the transactions were disclosed as part of pre-arranged 10b5-1 plans. Article Title
• Negative Sentiment: A shareholder law firm has launched an investigation into whether Roku is getting a fair price in the Fox transaction, which could add uncertainty and legal noise around the deal. Article Title

About Roku

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.