5,038 Shares in Roku, Inc. $ROKU Bought by Ground Swell Capital LLC

Ground Swell Capital LLC purchased a new stake in Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,038 shares of the company’s stock, valued at approximately $547,000. Roku makes up about 1.1% of Ground Swell Capital LLC’s investment portfolio, making the stock its 6th biggest holding.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Roku by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock valued at $1,301,557,000 after buying an additional 322,858 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after acquiring an additional 1,897,407 shares during the period. Holocene Advisors LP boosted its position in shares of Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after acquiring an additional 1,285,585 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Roku by 0.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,102,488 shares of the company’s stock worth $110,392,000 after acquiring an additional 4,781 shares in the last quarter. Finally, Duquesne Family Office LLC increased its stake in Roku by 123.0% in the second quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock valued at $96,723,000 after acquiring an additional 606,900 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Robert W. Baird raised its price target on Roku to $160 from $130 and kept an outperform rating, signaling confidence in further upside for the stock. Roku (NASDAQ:ROKU) Given New $160.00 Price Target at Robert W. Baird
• Positive Sentiment: Roku announced it will serve as the North American streaming home for the inaugural Enhanced Games, adding another notable sports-streaming event to its platform and potentially boosting engagement. ROKU TO SERVE AS THE NORTH AMERICAN STREAMING HOME FOR THE INAUGURAL ENHANCED GAMES
• Positive Sentiment: Roku’s recent quarterly results were highlighted as a driver of a strong rebound, with the company outperforming the S&P 500 over the past month as investor sentiment improved. Q1 Consumer Subscription Earnings: Roku (NASDAQ:ROKU) Impresses
• Neutral Sentiment: Roku rolled out a spring OS update to millions of TVs and streaming devices, which could help the user experience and ecosystem but does not yet provide a clear near-term financial impact. Roku rolling out big spring OS update to millions of TVs and streaming devices
• Neutral Sentiment: ARK founder Cathie Wood reportedly reduced Roku’s weighting in her portfolio, which may reflect portfolio rebalancing rather than a fundamental change in outlook. Roku Inc Faces Significant Reduction in Catherine Wood’s Portfolio

Roku Trading Down 0.3%

Roku stock opened at $127.63 on Wednesday. The stock has a 50-day moving average price of $104.78 and a two-hundred day moving average price of $102.19. Roku, Inc. has a 12 month low of $67.67 and a 12 month high of $131.39. The company has a market capitalization of $18.82 billion, a PE ratio of 95.96 and a beta of 2.04.

Roku (NASDAQ:ROKU) last issued 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. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. Roku’s revenue for the quarter was up 22.4% on a year-over-year basis. As a group, analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 50,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $99.68, for a total transaction of $4,984,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 205,821 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total value of $21,611,205.00. Following the transaction, the insider directly owned 11,131 shares in the company, 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 have sold 613,038 shares of company stock worth $66,417,045 over the last quarter. 13.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROKU. Citizens Jmp upped their target price on Roku from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Piper Sandler lifted their price target on Roku from $140.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. UBS Group reissued an “outperform” rating and set a $145.00 price target on shares of Roku in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Rosenblatt Securities raised their price objective on Roku from $118.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.42.

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.