New York Life Investment Management LLC Acquires Shares of 12,467 Roku, Inc. $ROKU

New York Life Investment Management LLC acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, Holdings Channel.com reports. The fund acquired 12,467 shares of the company’s stock, valued at approximately $1,353,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after buying an additional 1,897,407 shares in the last quarter. Holocene Advisors LP increased its position in Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after purchasing an additional 1,285,585 shares in the last quarter. Duquesne Family Office LLC increased its position in Roku by 123.0% during the 2nd quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock worth $96,723,000 after purchasing an additional 606,900 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Roku by 172.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 931,653 shares of the company’s stock worth $101,075,000 after purchasing an additional 590,286 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in Roku during the 3rd quarter worth approximately $55,660,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ROKU. Stifel Nicolaus set a $160.00 price objective on shares of Roku in a research report on Monday, March 2nd. Piper Sandler upped their price objective on shares of Roku from $140.00 to $148.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Guggenheim upped their price objective on shares of Roku from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. UBS Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of Roku in a report on Friday, May 1st. Finally, Robert W. Baird upped their target price on Roku from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.42.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku launched a new “Creators” hub and is adding creator-driven FAST channels, signaling a push to expand content discovery and attract more viewing time on its platform. Roku Doubling Down on Creators With Dedicated Destination and New FAST Channels (Exclusive)
• Positive Sentiment: Roku also secured exclusive streaming rights for the Enhanced Games, adding another live sports property to its platform and potentially strengthening its ad-supported viewing mix. Roku’s Exclusive Enhanced Games Deal Adds Fresh Angle To Valuation Story
• Positive Sentiment: Investor sentiment is improving as one article highlights a bullish options trade that seeks a quick 30% gain, reflecting expectations for continued upside momentum in ROKU shares. This Bullish Roku Trade Seeks A Quick 30% Profit
• Neutral Sentiment: Roku CEO/CFO insider selling was disclosed, but the sale was made under a pre-arranged Rule 10b5-1 plan, which makes it less informative as a near-term trading signal. Roku (NASDAQ:ROKU) CFO Sells $857,920.00 in Stock

Roku Stock Performance

Shares of NASDAQ ROKU opened at $120.58 on Wednesday. Roku, Inc. has a 52-week low of $67.67 and a 52-week high of $131.39. The firm has a 50 day moving average price of $107.42 and a two-hundred day moving average price of $103.10. The stock has a market cap of $17.78 billion, a P/E ratio of 90.66 and a beta of 2.04.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company posted ($0.19) EPS. The company’s revenue was up 22.4% on a year-over-year basis. Analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other news, insider Charles Collier sold 205,821 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total value of $21,611,205.00. Following the completion of the sale, the insider owned 11,131 shares of the company’s stock, valued at approximately $1,168,755. This represents a 94.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. 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 quarter, insiders have sold 692,038 shares of company stock valued at $76,667,575. Insiders own 13.45% of the company’s stock.

Roku Company 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.