Russell Investments Group Ltd. Acquires 45,562 Shares of Roku, Inc. $ROKU

Russell Investments Group Ltd. grew its holdings in Roku, Inc. (NASDAQ:ROKU) by 9.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 522,083 shares of the company’s stock after buying an additional 45,562 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.35% of Roku worth $45,674,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ROKU. Beaird Harris Wealth Management LLC purchased a new stake in Roku in the first quarter worth $30,000. Banque Transatlantique SA bought a new position in Roku in the 1st quarter worth $28,000. JFS Wealth Advisors LLC lifted its position in shares of Roku by 327.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock worth $40,000 after purchasing an additional 350 shares during the period. Bogart Wealth LLC lifted its position in shares of Roku by 234.1% in the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock worth $41,000 after purchasing an additional 323 shares during the period. Finally, True Wealth Design LLC boosted its stake in shares of Roku by 859.7% during the 2nd quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $52,000 after purchasing an additional 533 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ROKU shares. Morgan Stanley reissued an “underweight” rating on shares of Roku in a research note on Friday, October 31st. JPMorgan Chase & Co. increased their target price on Roku from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Susquehanna restated a “positive” rating and issued a $130.00 target price on shares of Roku in a research note on Friday, October 31st. Evercore ISI restated a “positive” rating on shares of Roku in a research report on Friday, October 31st. Finally, Pivotal Research increased their price objective on Roku from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.14.

Roku Stock Up 0.8%

Roku stock opened at $95.63 on Friday. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66. The company has a market capitalization of $14.13 billion, a P/E ratio of -478.13 and a beta of 2.18. The stock’s 50 day moving average is $99.21 and its 200 day moving average is $90.24.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Roku has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling

In other Roku news, insider Charles Collier sold 118,088 shares of Roku stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $115.00, for a total value of $13,580,120.00. Following the completion of the transaction, the insider directly owned 200 shares of the company’s stock, valued at approximately $23,000. The trade was a 99.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $103.86, for a total transaction of $5,193,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 515,274 shares of company stock worth $53,880,874 in the last quarter. Corporate insiders own 13.98% of the company’s stock.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.