Renaissance Technologies LLC Has $148.09 Million Stock Position in Roku, Inc. $ROKU

Renaissance Technologies LLC raised its position in shares of Roku, Inc. (NASDAQ:ROKU) by 22.8% in the first quarter, Holdings Channel reports. The fund owned 1,565,100 shares of the company’s stock after buying an additional 290,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Roku were worth $148,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the period. Bayban increased its stake in Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 260 shares during the period. WPG Advisers LLC bought a new position in Roku during the fourth quarter valued at about $31,000. Safe Harbor Fiduciary LLC acquired a new position in Roku in the 4th quarter valued at approximately $31,000. Finally, Osbon Capital Management LLC acquired a new position in Roku in the 4th quarter valued at approximately $45,000. 86.30% of the stock is owned by institutional investors.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Analysts lifted Roku’s estimated fair value to about $158.41 from $151.68, with several firms now framing the stock around a potential $160 takeover value after Fox’s acquisition announcement. Roku (ROKU) Stock Sees Modest Fair Value Lift After Fox Deal Recast Analyst Views
• Positive Sentiment: Commentary around Fox’s acquisition says the deal could be a win for creators and reinforces the strategic value of Roku as a key connected-TV distribution platform. Why Fox’s Acquisition of Roku Is a Win for Creators | Analysis
• Positive Sentiment: Additional bullish media coverage argues Roku benefits from broader media consolidation trends, with investors increasingly valuing digital distribution gateways like Roku over content owners alone. The Netflix-Lionsgate Rumor Exposed a Bigger Shift in Media M&A (ROKU)
• Neutral Sentiment: Roku said it will report second-quarter 2026 results on August 6, but it will not host an earnings call or provide outlook because of the pending Fox transaction. Roku to Announce Second Quarter 2026 Financial Results on August 6
• Neutral Sentiment: Several articles focused on Roku features, campaigns, and streaming content, which may help brand visibility but are unlikely to materially move the stock on their own. 4 Roku secret menus everyone should be using
• Negative Sentiment: Some valuation-focused analysis suggests the stock may already be near fair value after its recent run, with concerns that growth expectations from connected-TV advertising may be largely priced in. Roku (ROKU) As Connected TV Ad Growth Narrative Tests Whether The Stock Is Fully Valued

Wall Street Analyst Weigh In

Several research analysts recently commented on ROKU shares. Piper Sandler cut Roku from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $148.00 to $160.00 in a research report on Tuesday, June 16th. KeyCorp lowered shares of Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Jefferies Financial Group cut shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a research note on Monday, June 15th. Morgan Stanley raised their price objective on shares of Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Finally, Rosenblatt Securities lifted their target price on shares of Roku from $150.00 to $160.00 and gave the company 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, Roku has a consensus rating of “Hold” and an average price target of $155.12.

Roku Price Performance

Roku stock opened at $141.97 on Friday. The business has a 50 day simple moving average of $134.40 and a 200 day simple moving average of $113.71. The company has a market capitalization of $20.93 billion, a PE ratio of 106.75 and a beta of 2.01. Roku, Inc. has a one year low of $78.53 and a one year high of $148.88.

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 return on equity of 7.64% and a net margin of 4.06%.The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted ($0.19) earnings per share. The business’s revenue was up 22.4% compared to the same quarter last year. Equities analysts anticipate that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 7,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $122.56, for a total value of $857,920.00. Following the sale, the chief financial officer owned 71,115 shares in the company, valued at approximately $8,715,854.40. The trade was a 8.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the completion of the sale, the insider directly owned 19,185 shares in the company, valued at approximately $2,762,640. The trade was a 34.70% 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 90 days, insiders sold 236,499 shares of company stock valued at $30,582,963. Insiders own 13.45% of the company’s stock.

Roku 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.