Handelsbanken Fonder AB Acquires 4,600 Shares of Roku, Inc. $ROKU

Handelsbanken Fonder AB grew its holdings in Roku, Inc. (NASDAQ:ROKU) by 12.5% during the second quarter, HoldingsChannel.com reports. The firm owned 41,400 shares of the company’s stock after acquiring an additional 4,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Roku were worth $5,719,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ROKU. Contravisory Investment Management Inc. purchased a new position in shares of Roku during the second quarter worth approximately $1,184,000. Legacy Wealth Asset Management LLC purchased a new position in Roku during the 2nd quarter worth $325,000. Everhart Financial Group Inc. bought a new stake in Roku during the 2nd quarter valued at $230,000. FNY Investment Advisers LLC bought a new stake in Roku during the 2nd quarter valued at $414,000. Finally, Elevation Wealth Partners LLC grew its position in shares of Roku by 208.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock worth $44,000 after buying an additional 215 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group downgraded Roku from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a report on Monday, June 15th. Wolfe Research lowered shares of Roku from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 16th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $165.00 price target (down from $167.00) on shares of Roku in a research report on Friday. Citizens Jmp downgraded shares of Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, UBS Group lifted their price objective on shares of Roku from $126.00 to $172.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $156.17.

Insiders Place Their Bets

In other news, insider Gilbert Fuchsberg sold 10,719 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $150.00, for a total transaction of $1,607,850.00. Following the transaction, the insider directly owned 40,380 shares of the company’s stock, valued at approximately $6,057,000. This represents a 20.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 on Monday, June 15th. The stock was sold at an average price of $143.87, for a total value of $1,007,090.00. Following the completion of the sale, the chief financial officer directly owned 79,963 shares of the company’s stock, valued at $11,504,276.81. The trade was a 8.05% 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. In the last ninety days, insiders sold 155,452 shares of company stock valued at $20,953,212. 13.45% of the stock is currently owned by company insiders.

Roku Stock Performance

Shares of Roku stock opened at $157.68 on Friday. The company has a market capitalization of $23.25 billion, a PE ratio of 67.38 and a beta of 2.01. The company has a 50-day simple moving average of $141.19 and a two-hundred day simple moving average of $117.99. Roku, Inc. has a one year low of $78.53 and a one year high of $157.86.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.47. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. On average, equities analysts predict that Roku, Inc. will post 2.82 earnings per share for the current fiscal year.

Key Stories Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Strong revenue trajectory: Roku has delivered consistent sequential top-line growth over the past eight quarters, contrasting with Walt Disney’s largely flat revenue trend. The comparison reinforces Roku’s growth profile despite its smaller scale. Walt Disney vs. Roku: Comparing Revenue Trends for These Entertainment Giants
• Positive Sentiment: Analyst and estimate support: Zacks Research upgraded Roku from “hold” to “strong-buy,” while solid earnings estimate revisions suggest potential for further momentum. Zacks.com
• Positive Sentiment: Connected-TV advertising remains a key catalyst: Coverage points to strong CTV ad growth in Roku’s latest quarter, supporting the company’s platform strategy and potentially benefiting related ad-technology companies. Roku’s Ad Business Is Growing
• Positive Sentiment: Unusually high call-option activity: Traders bought 15,532 Roku call options, 46% above typical daily volume, indicating increased speculative bullish interest, though options activity is not a fundamental guarantee.
• Positive Sentiment: Potentially supportive consumer backdrop: Roku was included among discretionary stocks that could benefit if stabilizing inflation, lower oil prices and improved consumer purchasing power persist. Inflation Stabilizes on Easing Oil Prices
• Neutral Sentiment: Roku expanded its free, ad-supported live-TV lineup with six additional channels, which may improve engagement and advertising inventory but does not immediately establish a material financial impact. Roku’s free live TV lineup just got 6 new channels
• Negative Sentiment: Negative commentary about Roku’s affordability and criticism of its AI-focused content channel raise questions about content quality, customer perception and the effectiveness of the company’s programming strategy. The future of Roku as an affordable streaming platform is looking bleak Roku’s AI channel criticism

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.