Coppell Advisory Solutions LLC Makes New $47,000 Investment in Roku, Inc. $ROKU

Coppell Advisory Solutions LLC acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the second quarter, Holdings Channel reports. The fund acquired 34,364 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC raised its position in shares of Roku by 10.6% during the fourth quarter. AQR Capital Management LLC now owns 2,860,149 shares of the company’s stock worth $310,298,000 after purchasing an additional 274,024 shares during the period. Geode Capital Management LLC grew its position in Roku by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock valued at $267,389,000 after purchasing an additional 168,214 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Roku by 229.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock valued at $192,868,000 after purchasing an additional 1,419,772 shares in the last quarter. Renaissance Technologies LLC increased its stake in Roku by 22.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,565,100 shares of the company’s stock valued at $148,090,000 after purchasing an additional 290,200 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Roku by 0.8% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,509,686 shares of the company’s stock worth $163,786,000 after buying an additional 12,705 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Activity at Roku

In related news, insider Gilbert Fuchsberg sold 4,824 shares of Roku stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $155.64, for a total transaction of $750,807.36. Following the sale, the insider directly owned 40,168 shares in the company, valued at approximately $6,251,747.52. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, insider Mustafa Ozgen sold 3,410 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $155.64, for a total value of $530,732.40. Following the completion of the transaction, the insider directly owned 25,569 shares in the company, valued at approximately $3,979,559.16. This represents a 11.77% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 145,773 shares of company stock valued at $20,575,950 in the last ninety days. Insiders own 13.45% of the company’s stock.

Key Stories Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Positive earnings revisions: Zacks said Roku has an improving earnings outlook and assigned the company a No. 1, “Strong Buy,” ranking. Upward EPS revisions can support investor confidence in future profitability. Bullish EPS Revisions Back IBKR, SNDK, and ROKU
• Positive Sentiment: Technical momentum improved: Roku recently moved above its 20-day moving average, a signal that short-term buying momentum may be strengthening and that the stock has found support. Roku Just Overtook the 20-Day Moving Average
• Positive Sentiment: OLED expansion draws attention: Roku launched its Pro Series OLED televisions starting at $999. The move could give Roku greater influence over premium TV products and potentially create additional hardware and platform monetization opportunities. Roku’s $999 OLED Could Change How TV Makers Make Money
• Neutral Sentiment: Retail promotion: Best Buy is offering a $200 discount on a 75-inch Roku QLED 4K television. The promotion may increase product visibility and unit sales, although the discount could pressure hardware margins. Best Buy Roku QLED TV Promotion
• Negative Sentiment: Several insiders sold shares: Executives and a director collectively sold roughly 20,800 shares worth about $3.25 million. However, the transactions were made under pre-arranged Rule 10b5-1 plans, and most were specifically intended to cover tax withholding on vested equity awards. This reduces the bearish significance, though the cluster of sales could still weigh modestly on sentiment. Roku Insider Transaction Filing

Roku Stock Performance

Shares of ROKU stock opened at $158.31 on Friday. The company has a market capitalization of $23.50 billion, a price-to-earnings ratio of 67.65 and a beta of 2.05. Roku, Inc. has a 52-week low of $78.53 and a 52-week high of $159.89. The company has a 50-day simple moving average of $148.16 and a two-hundred day simple moving average of $124.48.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, August 5th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.73%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, sell-side analysts forecast that Roku, Inc. will post 2.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Evercore lowered shares of Roku from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. KeyCorp lowered shares of Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Weiss Ratings raised shares of Roku from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Morgan Stanley lifted their price target on Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. started coverage on Roku in a report on Monday, August 24th. They set a “neutral” rating and a $160.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Roku currently has a consensus rating of “Hold” and an average price target of $156.17.

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.