Janus Henderson Group PLC Purchases 775,861 Shares of Roku, Inc. $ROKU

Janus Henderson Group PLC grew its position in Roku, Inc. (NASDAQ:ROKU) by 1,320.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 834,619 shares of the company’s stock after purchasing an additional 775,861 shares during the period. Janus Henderson Group PLC’s holdings in Roku were worth $78,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in Roku by 18.6% in the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock valued at $232,000 after purchasing an additional 515 shares during the period. Focus Partners Wealth acquired a new position in Roku in the 1st quarter valued at $229,000. EverSource Wealth Advisors LLC increased its position in Roku by 145.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $123,000 after buying an additional 826 shares during the period. First Trust Advisors LP increased its position in Roku by 231.0% during the 2nd quarter. First Trust Advisors LP now owns 70,786 shares of the company’s stock worth $6,221,000 after buying an additional 49,399 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in shares of Roku during the second quarter worth $326,000. Institutional investors own 86.30% of the company’s stock.

Insider Activity

In other Roku news, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $140.65, for a total value of $281,300.00. Following the transaction, the director directly owned 9,629 shares of the company’s stock, valued at $1,354,318.85. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 7,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $143.87, for a total transaction of $1,007,090.00. Following the completion of the transaction, the chief financial officer directly owned 79,963 shares in the company, valued at approximately $11,504,276.81. This represents a 8.05% decrease in their ownership of the stock. 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 224,181 shares of company stock valued at $29,043,628. Company insiders own 13.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Susquehanna cut shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 target price for the company. in a research report on Tuesday, June 16th. Benchmark raised their price target on shares of Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wedbush cut shares of Roku from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a research note on Tuesday, June 16th. Pivotal Research reissued a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of Roku in a report on Friday, May 1st. Finally, Rosenblatt Securities increased their target price on shares of Roku from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Ten research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $155.12.

Roku Stock Performance

ROKU opened at $145.01 on Friday. Roku, Inc. has a 52-week low of $78.53 and a 52-week high of $148.88. The firm has a market cap of $21.38 billion, a P/E ratio of 109.03 and a beta of 2.01. The business’s fifty day moving average is $136.45 and its 200-day moving average is $114.86.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. Roku’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, research analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

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.