QRG Capital Management Inc. Boosts Stock Holdings in Roku, Inc. $ROKU

QRG Capital Management Inc. grew its position in shares of Roku, Inc. (NASDAQ:ROKU) by 62.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,800 shares of the company’s stock after buying an additional 2,231 shares during the quarter. QRG Capital Management Inc.’s holdings in Roku were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Roku

In other news, insider Charles Collier sold 15,404 shares of Roku stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.31, for a total value of $1,591,387.24. Following the sale, the insider directly owned 200 shares of the company’s stock, valued at approximately $20,662. The trade was a 98.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $100.00, for a total value of $2,500,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 518,890 shares of company stock valued at $50,737,151. 13.98% of the stock is owned by insiders.

Roku Price Performance

Shares of ROKU stock opened at $92.02 on Friday. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of -219.10, a PEG ratio of 13.60 and a beta of 2.13. Roku, Inc. has a one year low of $52.43 and a one year high of $107.25. The company’s fifty day moving average price is $94.90 and its 200-day moving average price is $81.72.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results 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. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. Roku’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of Roku in a report on Wednesday, October 1st. Pivotal Research raised their target price on shares of Roku from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Guggenheim raised their target price on shares of Roku from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Piper Sandler raised their target price on shares of Roku from $65.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, July 10th. Finally, KeyCorp raised their target price on shares of Roku from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $101.33.

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.