The Manufacturers Life Insurance Company Raises Stock Holdings in Roku, Inc. $ROKU

The Manufacturers Life Insurance Company boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 23.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,307 shares of the company’s stock after purchasing an additional 6,055 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Roku were worth $3,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROKU. Raleigh Capital Management Inc. raised its stake in shares of Roku by 6.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock worth $144,000 after acquiring an additional 93 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Roku by 1.5% in 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 in the last quarter. Quantum Portfolio Management LLC grew its holdings in Roku by 2.6% in the first quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock worth $391,000 after purchasing an additional 105 shares during the last quarter. HB Wealth Management LLC increased its position in shares of Roku by 3.7% during the first quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock worth $326,000 after purchasing an additional 122 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Roku by 21.7% in the 4th quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ROKU. Citizens Jmp downgraded Roku from a “market outperform” rating to a “hold” rating in a report on Tuesday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of Roku in a research report on Monday, June 15th. Rosenblatt Securities lifted their target price on shares of Roku from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. KeyCorp downgraded shares of Roku from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 15th. Finally, Susquehanna cut shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 price target for the company. in a report on Tuesday, June 16th. Nine equities research analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $155.75.

Insider Activity at Roku

In other Roku news, CAO Matthew C. Banks sold 552 shares of Roku stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $146.25, for a total transaction of $80,730.00. Following the completion of the transaction, the chief accounting officer owned 6,619 shares in the company, valued at approximately $968,028.75. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,538 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $145.93, for a total value of $2,997,110.34. Following the completion of the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at approximately $2,218,136. This trade represents a 57.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 237,452 shares of company stock worth $31,470,382 in the last three months. Company insiders own 13.45% of the company’s stock.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku reported second-quarter revenue of approximately $1.35 billion, up 21.9% year over year and above the roughly $1.30 billion consensus estimate. Earnings reached about $1.08 per share, compared with $0.07 a year earlier and estimates near $0.61, while the company also highlighted record profitability and free cash flow. ROKU Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The platform business remains Roku’s primary growth engine. Advertising spending increased 25% and subscriptions rose 26%, supporting higher-margin revenue and stronger engagement. Roku Ad Spend Up 25%, Subscriptions Rise 26%
• Positive Sentiment: Roku said improved search capabilities and artificial intelligence help viewers interpret broad queries and discover content more efficiently. Better discovery could increase viewing time, platform engagement and advertising opportunities. Roku Credits Search and AI
• Neutral Sentiment: Fox’s proposed $22 billion acquisition of Roku remains pending. The transaction may provide strategic support, but Roku is not holding an earnings call or issuing financial guidance while the deal proceeds. Roku Second-Quarter Results
• Negative Sentiment: Despite improving cash flow, Roku’s valuation remains demanding, with a high earnings multiple and mixed signals between discounted-cash-flow estimates and market multiples. Pre-arranged insider sales, including a transaction by President Charles Collier, may also add modest investor caution. Roku Valuation Analysis

Roku Trading Up 2.0%

Shares of NASDAQ ROKU opened at $153.11 on Friday. The company has a 50 day simple moving average of $138.39 and a two-hundred day simple moving average of $116.30. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 65.43 and a beta of 2.01. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $153.54.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.95%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. Analysts forecast that Roku, Inc. will post 2.41 EPS for the current year.

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.