California State Teachers Retirement System Grows Stake in Roku, Inc. $ROKU

California State Teachers Retirement System raised its position in shares of Roku, Inc. (NASDAQ:ROKU) by 13,741.7% in the second quarter, HoldingsChannel reports. The firm owned 20,912,738 shares of the company’s stock after acquiring an additional 20,761,653 shares during the period. California State Teachers Retirement System owned about 0.14% of Roku worth $2,888,886,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ROKU. Bayban increased its stake in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 260 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in Roku in the fourth 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. Elevation Wealth Partners LLC grew its holdings in 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 acquiring an additional 215 shares in the last quarter. Finally, Osbon Capital Management LLC bought a new position in Roku during the 4th quarter worth about $45,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROKU has been the subject of several recent research reports. Oppenheimer lowered shares of Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Seaport Research Partners downgraded shares of Roku from a “buy” rating to a “neutral” rating in a research note on Friday, August 7th. Morgan Stanley lifted their price objective on shares of Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. KeyCorp downgraded shares of Roku from an “overweight” rating to a “sector weight” rating in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. assumed coverage on Roku in a report on Monday, August 24th. They set a “neutral” rating and a $160.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.17.

Roku Stock Up 0.8%

Shares of ROKU opened at $154.12 on Friday. The company has a market cap of $22.87 billion, a price-to-earnings ratio of 65.86 and a beta of 2.05. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $159.89. The company has a 50 day moving average of $149.77 and a two-hundred day moving average of $126.78.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.47. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share. On average, sell-side analysts expect that Roku, Inc. will post 2.85 EPS for the current year.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku’s proposed sale to Fox provides valuation support. Under the transaction terms, Roku shareholders would receive $96 in cash plus 0.9693 shares of Fox Class A stock for each Roku share. If completed, the deal would provide shareholders with a defined cash-and-stock consideration. Roku Investor Alert
• Positive Sentiment: International NFL expansion could increase engagement and advertising opportunities. Roku and the NFL are expanding NFL Zone within Roku Sports to Canada, Mexico and Brazil ahead of the 2026 season, potentially increasing viewing hours and platform monetization. Roku and NFL expand NFL Zone
• Positive Sentiment: New lower-priced OLED-style televisions may support hardware adoption. Roku launched an affordable home-theater television positioned as an alternative to premium OLED products, which could broaden its device ecosystem and create additional opportunities for platform and advertising revenue. Roku launches affordable OLED-style TVs
• Neutral Sentiment: Fox maintains that the deal remains on track. Fox COO John Nallen said the DOJ review was expected and that the acquisition is still targeted for completion in early 2027, although the timetable remains subject to regulatory approval. Fox says Roku deal remains on track
• Negative Sentiment: The DOJ has issued a second request for information. The expanded antitrust review extends the regulatory process and raises the possibility of delays, additional conditions or a failed transaction. This is the principal near-term overhang for ROKU shares. DOJ seeks more information on Fox-Roku deal
• Negative Sentiment: A law firm is investigating the proposed sale. Kahn Swick & Foti is examining whether Roku’s price and sale process adequately protect shareholders, adding potential litigation and execution risk. Investor investigation into Roku sale
• Negative Sentiment: Insider selling adds a modest cautionary signal. Charles Collier sold 20,538 shares worth approximately $3.2 million, reducing his holdings by 47.5%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which makes it less indicative of a current bearish view. Roku insider transaction filing

Insider Transactions at Roku

In other Roku news, insider Charles Collier sold 20,538 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $156.99, for a total value of $3,224,260.62. Following the completion of the sale, the insider directly owned 22,700 shares in the company, valued at approximately $3,563,673. This trade represents a 47.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gilbert Fuchsberg sold 4,824 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $155.64, for a total value of $750,807.36. Following the completion of the sale, the insider directly owned 40,168 shares of the company’s stock, valued at approximately $6,251,747.52. This represents a 10.72% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 112,285 shares of company stock worth $16,848,834. 13.45% of the stock is currently owned by corporate insiders.

About Roku

Roku, Inc (NASDAQ: ROKU) operates a television streaming platform that connects consumers with digital entertainment. Its Roku operating system powers streaming players, Roku-branded televisions and smart-TV products made by licensing partners. The platform provides access to streaming services, live television, movies, music and other applications.

The company also operates The Roku Channel, its own ad-supported streaming service offering licensed and original content, including movies, television programs, live channels and premium subscription options.