ARK Investment Management LLC Has $736.14 Million Position in Roku, Inc. $ROKU

ARK Investment Management LLC cut its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,351,856 shares of the company’s stock after selling 1,108,222 shares during the quarter. Roku accounts for approximately 4.4% of ARK Investment Management LLC’s holdings, making the stock its 3rd biggest holding. ARK Investment Management LLC’s holdings in Roku were worth $736,141,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Roku by 7.0% during the third quarter. Dimensional Fund Advisors LP now owns 714,825 shares of the company’s stock valued at $71,571,000 after buying an additional 46,657 shares during the period. Insigneo Advisory Services LLC bought a new position in Roku during the 3rd quarter worth approximately $211,000. Mcdonald Partners LLC lifted its position in Roku by 1.2% in the third quarter. Mcdonald Partners LLC now owns 18,325 shares of the company’s stock valued at $1,835,000 after purchasing an additional 225 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Roku during the third quarter valued at approximately $621,000. Finally, Focus Partners Advisor Solutions LLC grew its holdings in shares of Roku by 326.5% in the third quarter. Focus Partners Advisor Solutions LLC now owns 12,441 shares of the company’s stock worth $1,287,000 after purchasing an additional 9,524 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Activity

In related news, CAO Matthew C. Banks sold 716 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $95.57, for a total transaction of $68,428.12. Following the transaction, the chief accounting officer owned 7,675 shares in the company, valued at $733,499.75. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $97.70, for a total value of $195,400.00. Following the completion of the transaction, the director owned 7,782 shares in the company, valued at approximately $760,301.40. This trade represents a 20.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 227,659 shares of company stock worth $23,524,283. 13.98% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ROKU shares. UBS Group reiterated a “neutral” rating and set a $110.00 target price on shares of Roku in a report on Friday, February 13th. JPMorgan Chase & Co. lifted their price objective on Roku from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Moffett Nathanson reissued a “neutral” rating and set a $100.00 target price on shares of Roku in a research note on Friday, February 13th. Citigroup restated a “market outperform” rating on shares of Roku in a report on Monday. Finally, KeyCorp lifted their price target on shares of Roku from $128.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.40.

Roku Trading Up 3.7%

NASDAQ ROKU opened at $97.51 on Thursday. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66. The stock’s fifty day moving average price is $99.72 and its 200-day moving average price is $99.44. The stock has a market cap of $14.38 billion, a P/E ratio of 171.07 and a beta of 1.98.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.25. Roku had a net margin of 1.87% and a return on equity of 3.40%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business earned ($0.24) EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Apple TV is now available as a Premium Subscription on The Roku Channel in the U.S., letting Roku users subscribe and manage Apple TV via their Roku accounts. That deal should increase subscription options on Roku, keep viewers inside Roku’s ecosystem longer, and expand ad and subscription monetization opportunities. Roku Adds Apple TV to Premium Subscriptions (Business Wire)
• Positive Sentiment: High-profile endorsement: Jim Cramer publicly said Roku is “a very smart…thing to buy,” highlighting Roku’s targeted advertising business as a core strength — a sentiment that can drive investor interest and short-term inflows. Jim Cramer on Roku (Yahoo Finance)
• Positive Sentiment: Roku’s Streaming Stick HD is heavily discounted (nearly 50% off in promotions), which can boost unit sales, expand the active user base, and increase future ad inventory and subscription attach rates — supportive for long‑term growth even if near-term device margins are thinner. Roku Streaming Stick HD Discount (Kotaku)
• Neutral Sentiment: Consumer/brand buzz: a light human-interest piece on a hidden “Punch the Monkey” easter-egg in Roku screensavers may increase brand engagement and social sharing but is unlikely to move fundamentals materially. Punch the Monkey in Roku Screensavers (MSN)

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.