Bank of Hawaii Acquires New Holdings in Roku, Inc. $ROKU

Bank of Hawaii bought a new stake in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 18,496 shares of the company’s stock, valued at approximately $2,007,000.

Several other hedge funds also recently bought and sold shares of ROKU. Apollon Wealth Management LLC increased its position in shares of Roku by 1.5% during the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after acquiring an additional 96 shares during the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Roku by 1.0% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after acquiring an additional 100 shares during the last quarter. Quarry LP lifted its holdings in shares of Roku by 21.7% in the 4th quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after acquiring an additional 123 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of Roku by 2.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after purchasing an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Roku by 3.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock worth $398,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

Shares of ROKU opened at $138.07 on Friday. The firm has a market capitalization of $20.36 billion, a price-to-earnings ratio of 103.81 and a beta of 2.06. The firm’s fifty day simple moving average is $122.72 and its 200-day simple moving average is $107.74. Roku, Inc. has a twelve month low of $77.64 and a twelve month high of $148.88.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The firm 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 was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. On average, analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $3,250,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $144.00, for a total value of $1,467,936.00. Following the sale, the insider directly owned 19,185 shares in the company, valued at $2,762,640. This trade represents a 34.70% decrease in their position. 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 sold 713,194 shares of company stock worth $81,763,589 over the last three months. Company insiders own 13.45% of the company’s stock.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is at the center of renewed M&A speculation, with articles highlighting its large user base as a valuable asset and suggesting the company could benefit from consolidation in streaming and digital distribution. Roku is reportedly exploring a sale, and its 100 million users are the biggest prize
• Positive Sentiment: Media coverage of Fox’s move involving Roku has reinforced the idea that Roku sits on a valuable streaming gateway, which could make the company more strategically important to larger media players. How Roku became way more important than you realize
• Positive Sentiment: Roku continues to be promoted in “streaming stocks to watch” and buyout-focused commentary, which can keep investor interest elevated even without a formal deal announcement. The Netflix-Lionsgate Rumor Exposed a Bigger Shift in Media M&A (ROKU)
• Neutral Sentiment: ARK Invest reportedly reduced its Roku position again while increasing exposure to other tech and AI names, suggesting some portfolio rotation away from Roku rather than a fundamental thesis change. Cathie Wood buys more Tesla, cuts Roku as ARK doubles down on AI
• Neutral Sentiment: Roku is also getting consumer-facing attention from discounted hardware promotions and stock-watch list coverage, but these headlines are unlikely to move the shares much on their own. Roku Streaming Stick Plus 4K & HDR is under $37
• Negative Sentiment: Some coverage is turning more cautious, warning that a potential Fox-Roku deal could raise distribution-bias concerns and that buyout investors may not get as much value as they hoped. Fox’s Roku deal raises concerns over distribution bias
• Negative Sentiment: A separate article says the latest YouTube TV update is causing problems for some Roku owners, which could weigh on sentiment if it points to platform friction for users. Latest YouTube TV update is making life miserable for some Roku owners

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of research analyst reports. Rosenblatt Securities boosted their target price on Roku from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday. William Blair lowered Roku from an “outperform” rating to a “market perform” rating in a research report on Monday. Zacks Research cut Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Guggenheim boosted their price objective on Roku from $140.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Finally, Susquehanna lowered Roku from a “positive” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research note on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $153.71.

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.