Ethic Inc. Has $248,000 Position in Roku, Inc. $ROKU

Ethic Inc. reduced its holdings in Roku, Inc. (NASDAQ:ROKU) by 32.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,852 shares of the company’s stock after selling 1,392 shares during the quarter. Ethic Inc.’s holdings in Roku were worth $248,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROKU. Banque Transatlantique SA acquired a new stake in shares of Roku in the first quarter valued at about $28,000. Beaird Harris Wealth Management LLC acquired a new stake in Roku during the first quarter worth about $30,000. Golden State Wealth Management LLC grew its position in Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock worth $31,000 after buying an additional 247 shares in the last quarter. JFS Wealth Advisors LLC grew its position in Roku by 327.1% during the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock worth $40,000 after buying an additional 350 shares in the last quarter. Finally, Bogart Wealth LLC grew its position in Roku by 234.1% during the second quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock worth $41,000 after buying an additional 323 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Charles Collier sold 112,961 shares of Roku stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $105.00, for a total value of $11,860,905.00. Following the completion of the transaction, the insider owned 200 shares in the company, valued at approximately $21,000. The trade was a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 353,331 shares of company stock worth $35,140,823. Insiders own 13.98% of the company’s stock.

Roku Trading Up 1.4%

NASDAQ ROKU opened at $100.03 on Friday. The stock’s 50 day moving average is $97.78 and its two-hundred day moving average is $84.98. The company has a market capitalization of $14.74 billion, a price-to-earnings ratio of -238.17, a PEG ratio of 11.63 and a beta of 2.13. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $107.25.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) earnings per share. Roku has set its Q4 2025 guidance at EPS. On average, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ROKU shares. JMP Securities reissued a “market outperform” rating and set a $145.00 target price on shares of Roku in a research report on Thursday, October 2nd. JPMorgan Chase & Co. lifted their target price on Roku from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their target price on Roku from $100.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. KeyCorp reissued an “overweight” rating and set a $116.00 target price on shares of Roku in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating on shares of Roku in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.95.

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.