Voya Investment Management LLC Has $2.84 Million Stock Holdings in Roku, Inc. $ROKU

Voya Investment Management LLC lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 5.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 40,288 shares of the company’s stock after buying an additional 2,062 shares during the quarter. Voya Investment Management LLC’s holdings in Roku were worth $2,838,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ROKU. Vanguard Group Inc. raised its stake in Roku by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company’s stock worth $880,753,000 after purchasing an additional 254,504 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Roku by 456.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock worth $134,222,000 after acquiring an additional 1,563,449 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Roku by 21.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company’s stock worth $111,372,000 after acquiring an additional 284,323 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Roku by 3.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company’s stock worth $72,436,000 after purchasing an additional 37,465 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Roku by 6.0% during the 1st quarter. Northern Trust Corp now owns 755,762 shares of the company’s stock valued at $53,236,000 after acquiring an additional 42,926 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Transactions at Roku

In related news, CAO Matthew C. Banks sold 3,360 shares of Roku stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $85.05, for a total transaction of $285,768.00. Following the completion of the sale, the chief accounting officer owned 5,195 shares of the company’s stock, valued at $441,834.75. The trade was a 39.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charles Collier sold 212,559 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.00, for a total value of $20,193,105.00. Following the completion of the transaction, the insider directly owned 200 shares of the company’s stock, valued at $19,000. The trade was a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,025 shares of company stock worth $39,662,358 over the last quarter. 13.98% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ROKU has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 1st. JMP Securities increased their price target on shares of Roku from $110.00 to $145.00 and gave the company a “market outperform” rating in a research report on Monday, September 8th. KeyCorp increased their price target on shares of Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Loop Capital upgraded shares of Roku from a “hold” rating to a “buy” rating and increased their price target for the company from $80.00 to $100.00 in a research report on Tuesday, June 17th. Finally, Susquehanna increased their price target on shares of Roku from $85.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Roku has a consensus rating of “Moderate Buy” and an average target price of $101.33.

Roku Stock Performance

NASDAQ ROKU opened at $101.78 on Friday. Roku, Inc. has a one year low of $52.43 and a one year high of $104.96. The stock has a 50-day moving average of $92.00 and a 200 day moving average of $79.00. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of -242.33, a PEG ratio of 14.25 and a beta of 2.05.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.23. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted ($0.18) EPS. The firm’s revenue was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.