Chicago Partners Investment Group LLC Has $993,000 Holdings in Roku, Inc. $ROKU

Chicago Partners Investment Group LLC raised its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 56.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,490 shares of the company’s stock after acquiring an additional 3,802 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Roku were worth $993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ROKU. Y.D. More Investments Ltd purchased a new stake in shares of Roku in the first quarter worth approximately $728,000. Fifth Third Bancorp grew its position in Roku by 264.5% during the first quarter. Fifth Third Bancorp now owns 2,934 shares of the company’s stock valued at $278,000 after purchasing an additional 2,129 shares in the last quarter. American Trust grew its position in Roku by 24.1% during the first quarter. American Trust now owns 3,189 shares of the company’s stock valued at $302,000 after purchasing an additional 619 shares in the last quarter. Hsbc Holdings PLC increased its stake in Roku by 188.9% in the 1st quarter. Hsbc Holdings PLC now owns 48,347 shares of the company’s stock valued at $4,595,000 after buying an additional 31,614 shares during the period. Finally, Summit Securities Group LLC acquired a new position in Roku in the 1st quarter valued at approximately $80,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

Shares of ROKU opened at $143.82 on Friday. The firm has a market cap of $21.20 billion, a PE ratio of 108.14 and a beta of 2.01. The firm’s 50 day moving average price is $132.42 and its 200 day moving average price is $112.31. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $148.88.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ROKU. UBS Group set a $160.00 target price on shares of Roku in a research report on Monday, June 15th. Citigroup restated an “outperform” rating on shares of Roku in a report on Monday, June 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, KeyCorp cut Roku from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 15th. Eleven analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.71.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is getting more visibility as several articles highlight strong shopper interest in Roku-branded TVs and steep discounts on models sold through Amazon and Best Buy, which may support device adoption and keep the Roku platform in front of consumers.
• Positive Sentiment: The company launched a new Roku City campaign featuring live-action short films and an interactive platform experience, underscoring efforts to deepen engagement with users and advertisers. Roku expands Roku City with new films, interactive platform campaign
• Positive Sentiment: CNET’s coverage of “Roku City Comes Alive” with live-action short films and interactive tours adds to the view that Roku is investing in brand-building and ad-friendly experiences that could help monetization. Roku City Comes Alive With Live-Action Short Films and Interactive Tour
• Neutral Sentiment: Multiple Zacks and Yahoo Finance items note that investors are heavily searching Roku and describe it as a strong momentum stock, which may reflect rising attention but does not by itself change fundamentals. Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know
• Neutral Sentiment: Articles about Roku TV discounts and product reviews are mostly promotional/consumer-news items, which may help sentiment near term but are unlikely to materially change earnings expectations on their own.

Insider Buying and Selling at Roku

In related news, insider Mustafa Ozgen sold 10,194 shares of Roku stock in a transaction on Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the completion of the sale, the insider owned 19,185 shares of the company’s stock, valued at approximately $2,762,640. The trade was a 34.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Dan Jedda sold 7,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $122.56, for a total transaction of $857,920.00. Following the completion of the sale, the chief financial officer owned 71,115 shares of the company’s stock, valued at $8,715,854.40. This represents a 8.96% 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. Insiders have sold 236,499 shares of company stock worth $30,582,963 in the last ninety days. Company 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.