Truist Financial Corp Has $1.51 Million Stake in Roku, Inc. $ROKU

Truist Financial Corp lifted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 49.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,953 shares of the company’s stock after buying an additional 4,610 shares during the quarter. Truist Financial Corp’s holdings in Roku were worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Apollon Wealth Management LLC grew its position 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 period. Cornerstone Wealth Management LLC grew its holdings in Roku by 3.8% during the third quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $273,000 after purchasing an additional 100 shares during the period. Thoroughbred Financial Services LLC grew its holdings in Roku by 1.0% during the third quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after purchasing an additional 100 shares during the period. Aviance Capital Partners LLC grew its holdings in Roku by 2.6% during the third quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock valued at $418,000 after purchasing an additional 106 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Roku by 32.1% during the third 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 and hedge funds own 86.30% of the company’s stock.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Jefferies said Roku has a credible path to beat its full-year guidance, citing political advertising, higher World Cup viewership, and improving ad fill rates. The firm sees upside to about 25% year-over-year platform revenue growth in fiscal 2026, above Roku’s current guidance of roughly 21%. Article Title
• Positive Sentiment: Roku’s latest earnings beat expectations, with EPS of $0.57 versus the $0.34 estimate and revenue of $1.25 billion topping forecasts. Revenue also rose 22.4% year over year, reinforcing the view that the business is still growing strongly.
• Positive Sentiment: Analyst sentiment remains favorable, with multiple firms raising price targets after earnings and the broader consensus rating still sitting at Moderate Buy.
• Neutral Sentiment: Roku was also highlighted in “trending stock” coverage from Zacks, which mainly suggests increased investor interest rather than a clear new fundamental catalyst. Article Title
• Negative Sentiment: CEO Anthony Wood sold 75,000 shares in a pre-arranged Rule 10b5-1 transaction, which can weigh on sentiment even though the sale was planned in advance. Article Title

Roku Stock Performance

Shares of ROKU opened at $124.02 on Friday. Roku, Inc. has a twelve month low of $67.67 and a twelve month high of $131.39. The firm’s 50 day moving average price is $106.50 and its two-hundred day moving average price is $102.74. The firm has a market cap of $18.28 billion, a P/E ratio of 93.25 and a beta of 2.04.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. The business’s revenue was up 22.4% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Roku from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Morgan Stanley restated an “overweight” rating and set a $150.00 price objective on shares of Roku in a report on Friday, May 1st. Citizens Jmp boosted their price objective on shares of Roku from $160.00 to $170.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Benchmark boosted their price objective on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research cut shares of Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.42.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 75,000 shares of Roku stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,821 shares of Roku stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the completion of the transaction, the insider directly owned 11,131 shares in the company, valued at approximately $1,168,755. The trade was a 94.87% 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. In the last three months, insiders sold 688,038 shares of company stock worth $76,076,295. Corporate insiders own 13.45% of the company’s stock.

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.