WINTON GROUP Ltd Makes New $9.52 Million Investment in Roku, Inc. $ROKU

WINTON GROUP Ltd bought a new position in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 87,765 shares of the company’s stock, valued at approximately $9,522,000.

A number of other institutional investors have also bought and sold shares of ROKU. Apollon Wealth Management LLC increased its holdings in shares of Roku by 1.5% during the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after buying an additional 96 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Roku by 1.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after buying an additional 100 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings 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 buying an additional 127 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Roku by 32.1% during the 3rd quarter. Larson Financial Group LLC now owns 556 shares of the company’s stock worth $56,000 after buying an additional 135 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 135 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand its free ad-supported streaming lineup, adding new channels including Sports Illustrated and FIFA Plus, plus four more free channels in June. That supports engagement on The Roku Channel and could improve ad inventory and viewing time. Article Title
• Positive Sentiment: The company also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, which may help drive device sales and keep Roku’s ecosystem competitive. Article Title
• Positive Sentiment: Roku has been benefiting from a bullish narrative around its growing household reach and stronger live-sports positioning, which investors may see as supportive of future ad and platform revenue. Article Title

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Benchmark raised their price target on shares of Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Piper Sandler restated an “overweight” rating on shares of Roku in a report on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Roku in a report on Friday, May 15th. Evercore reiterated an “outperform” rating and issued a $150.00 target price on shares of Roku in a report on Friday, February 13th. Finally, Wedbush lifted their target price on shares of Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Twenty-two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.29.

Roku Stock Performance

Roku stock opened at $122.26 on Friday. Roku, Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $133.46. The firm has a 50 day moving average price of $115.32 and a 200 day moving average price of $105.15. The company has a market capitalization of $18.02 billion, a PE ratio of 91.93 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm earned ($0.19) EPS. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. As a group, equities research analysts forecast that Roku, Inc. will post 2.41 earnings per share for the current year.

Insider Transactions at Roku

In related news, Director Neil D. Hunt sold 2,000 shares of Roku stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $129.09, for a total value of $258,180.00. Following the completion of the sale, the director owned 7,782 shares in the company, valued at approximately $1,004,578.38. This trade represents a 20.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 7,067 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $127.26, for a total transaction of $899,346.42. Following the completion of the transaction, the insider owned 15,200 shares of the company’s stock, valued at approximately $1,934,352. This trade represents a 31.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 696,631 shares of company stock worth $77,636,680 in the last three months. Company insiders own 13.45% of the company’s stock.

Roku 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.