Roku, Inc. $ROKU Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in Roku, Inc. (NASDAQ:ROKU) by 11.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 388,680 shares of the company’s stock after selling 47,984 shares during the period. Bank of New York Mellon Corp’s holdings in Roku were worth $36,777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROKU. AQR Capital Management LLC increased its stake in 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. Fred Alger Management LLC lifted its stake in Roku by 7,087.7% in the fourth quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock worth $154,212,000 after acquiring an additional 1,401,664 shares during the last quarter. Norges Bank purchased a new position in Roku in the fourth quarter valued at $92,808,000. Alyeska Investment Group L.P. lifted its stake in Roku by 380.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 882,915 shares of the company’s stock worth $95,787,000 after purchasing an additional 699,336 shares during the last quarter. Finally, Duquesne Family Office LLC grew its position in shares of Roku by 123.0% in the 2nd quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock valued at $96,723,000 after buying an additional 606,900 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gilbert Fuchsberg sold 9,593 shares of Roku stock in a transaction on Friday, May 1st. The stock was sold at an average price of $125.52, for a total transaction of $1,204,113.36. Following the transaction, the insider directly owned 50,863 shares of the company’s stock, valued at approximately $6,384,323.76. This trade represents a 15.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 236,499 shares of company stock valued at $30,582,963 in the last three months. 13.45% of the stock is currently owned by insiders.

Roku Stock Performance

ROKU opened at $141.97 on Friday. The firm’s 50-day simple moving average is $134.40 and its 200-day simple moving average is $113.71. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $148.88. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 106.75 and a beta of 2.01.

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

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Analysts lifted Roku’s estimated fair value to about $158.41 from $151.68, with several firms now framing the stock around a potential $160 takeover value after Fox’s acquisition announcement. Roku (ROKU) Stock Sees Modest Fair Value Lift After Fox Deal Recast Analyst Views
• Positive Sentiment: Commentary around Fox’s acquisition says the deal could be a win for creators and reinforces the strategic value of Roku as a key connected-TV distribution platform. Why Fox’s Acquisition of Roku Is a Win for Creators | Analysis
• Positive Sentiment: Additional bullish media coverage argues Roku benefits from broader media consolidation trends, with investors increasingly valuing digital distribution gateways like Roku over content owners alone. The Netflix-Lionsgate Rumor Exposed a Bigger Shift in Media M&A (ROKU)
• Neutral Sentiment: Roku said it will report second-quarter 2026 results on August 6, but it will not host an earnings call or provide outlook because of the pending Fox transaction. Roku to Announce Second Quarter 2026 Financial Results on August 6
• Neutral Sentiment: Several articles focused on Roku features, campaigns, and streaming content, which may help brand visibility but are unlikely to materially move the stock on their own. 4 Roku secret menus everyone should be using
• Negative Sentiment: Some valuation-focused analysis suggests the stock may already be near fair value after its recent run, with concerns that growth expectations from connected-TV advertising may be largely priced in. Roku (ROKU) As Connected TV Ad Growth Narrative Tests Whether The Stock Is Fully Valued

Analyst Upgrades and Downgrades

ROKU has been the topic of a number of recent research reports. Robert W. Baird reissued a “neutral” rating and issued a $160.00 target price on shares of Roku in a report on Monday, June 15th. Wells Fargo & Company boosted their target price on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Fox Advisors set a $157.00 target price on Roku in a research note on Friday, July 17th. Citizens Jmp downgraded shares of Roku from a “market outperform” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, William Blair cut shares of Roku from an “outperform” rating to a “market perform” rating in a research report on Monday, June 15th. Ten investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $155.12.

About Roku

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.