Y Intercept Hong Kong Ltd Buys 87,997 Shares of Roku, Inc. $ROKU

Y Intercept Hong Kong Ltd boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 309.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,459 shares of the company’s stock after acquiring an additional 87,997 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Roku were worth $12,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares in the last quarter. Aventura Private Wealth LLC bought a new position in Roku during the 4th quarter worth about $26,000. WPG Advisers LLC bought a new position in Roku during the 4th quarter worth about $31,000. Rakuten Securities Inc. grew its holdings in Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after acquiring an additional 158 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in Roku during the 3rd quarter worth about $51,000. 86.30% of the stock is currently owned by institutional investors.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Roku Stock Up 20.1%

Shares of ROKU opened at $143.66 on Friday. Roku, Inc. has a 52-week low of $73.91 and a 52-week high of $148.88. The firm’s fifty day moving average is $118.73 and its two-hundred day moving average is $106.23. The stock has a market cap of $21.18 billion, a PE ratio of 108.02 and a beta of 2.06.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Susquehanna increased their target price on shares of Roku from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Friday, May 1st. Wells Fargo & Company increased their price target on shares of Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Guggenheim increased their price objective on shares of Roku from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday. Wedbush increased their price objective on shares of Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, Morgan Stanley raised their price target on shares of Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $146.96.

Insider Activity at Roku

In related news, Director Mai Fyfield sold 832 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $119.64, for a total transaction of $99,540.48. Following the sale, the director directly owned 5,389 shares in the company, valued at approximately $644,739.96. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $3,250,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 721,194 shares of company stock valued at $82,169,949. 13.45% of the stock is owned by company insiders.

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.