Bank of America Corp DE Has $102.45 Million Stock Holdings in Roku, Inc. $ROKU

Bank of America Corp DE lifted its position in Roku, Inc. (NASDAQ:ROKU) by 5.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,082,755 shares of the company’s stock after purchasing an additional 56,893 shares during the quarter. Bank of America Corp DE’s holdings in Roku were worth $102,450,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ROKU. Janus Henderson Group PLC increased its holdings in shares of Roku by 1,320.4% during the first quarter. Janus Henderson Group PLC now owns 834,619 shares of the company’s stock worth $78,967,000 after buying an additional 775,861 shares in the last quarter. Bull Harbor Capital LLC bought a new position in shares of Roku in the first quarter valued at about $344,000. Smith Group Asset Management LLC lifted its position in Roku by 24.3% during the 1st quarter. Smith Group Asset Management LLC now owns 16,022 shares of the company’s stock worth $1,516,000 after buying an additional 3,131 shares in the last quarter. Amundi lifted its position in Roku by 170.3% during the 1st quarter. Amundi now owns 747,891 shares of the company’s stock worth $70,765,000 after buying an additional 471,234 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in Roku by 22.3% during the 1st quarter. California State Teachers Retirement System now owns 151,085 shares of the company’s stock worth $14,296,000 after acquiring an additional 27,567 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 7,000 shares of Roku stock in a transaction dated Friday, May 15th. The stock was 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 of the company’s stock, valued at $8,715,854.40. This trade represents a 8.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,538 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $142.51, for a total value of $2,926,870.38. Following the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at $2,166,152. This represents a 57.47% 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. In the last 90 days, insiders sold 237,452 shares of company stock worth $31,470,382. Company insiders own 13.45% of the company’s stock.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku reported second-quarter revenue of approximately $1.35 billion, up 21.9% year over year and above the roughly $1.30 billion consensus estimate. Earnings reached about $1.08 per share, compared with $0.07 a year earlier and estimates near $0.61, while the company also highlighted record profitability and free cash flow. ROKU Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The platform business remains Roku’s primary growth engine. Advertising spending increased 25% and subscriptions rose 26%, supporting higher-margin revenue and stronger engagement. Roku Ad Spend Up 25%, Subscriptions Rise 26%
• Positive Sentiment: Roku said improved search capabilities and artificial intelligence help viewers interpret broad queries and discover content more efficiently. Better discovery could increase viewing time, platform engagement and advertising opportunities. Roku Credits Search and AI
• Neutral Sentiment: Fox’s proposed $22 billion acquisition of Roku remains pending. The transaction may provide strategic support, but Roku is not holding an earnings call or issuing financial guidance while the deal proceeds. Roku Second-Quarter Results
• Negative Sentiment: Despite improving cash flow, Roku’s valuation remains demanding, with a high earnings multiple and mixed signals between discounted-cash-flow estimates and market multiples. Pre-arranged insider sales, including a transaction by President Charles Collier, may also add modest investor caution. Roku Valuation Analysis

Analysts Set New Price Targets

ROKU has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Seaport Research Partners reissued a “neutral” rating on shares of Roku in a research note on Friday. Citizens Jmp cut shares of Roku from a “market outperform” rating to a “hold” rating in a research report on Tuesday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Roku in a report on Monday, June 15th. Finally, Wells Fargo & Company upped their price objective on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating and eighteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $155.75.

Roku Price Performance

Roku stock opened at $153.11 on Friday. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of 65.43 and a beta of 2.01. The company’s 50 day simple moving average is $138.39 and its 200 day simple moving average is $116.30. Roku, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $153.54.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.95%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. As a group, analysts predict that Roku, Inc. will post 2.41 EPS for the current fiscal year.

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.