Arkadios Wealth Advisors Raises Position in Roku, Inc. $ROKU

Arkadios Wealth Advisors boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 36.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,963 shares of the company’s stock after buying an additional 1,063 shares during the period. Arkadios Wealth Advisors’ holdings in Roku were worth $348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Acadian Asset Management LLC raised its holdings in shares of Roku by 456.7% during the 1st 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 in the last quarter. Duquesne Family Office LLC bought a new position in Roku in the first quarter worth about $34,769,000. Northwestern Mutual Wealth Management Co. grew its stake in Roku by 38,431.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 489,353 shares of the company’s stock worth $34,470,000 after purchasing an additional 488,083 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Roku by 491.5% during the first quarter. AQR Capital Management LLC now owns 562,027 shares of the company’s stock valued at $38,943,000 after purchasing an additional 467,005 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of Roku in the 1st quarter worth about $32,821,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Performance

NASDAQ ROKU opened at $105.67 on Thursday. The firm has a market capitalization of $15.57 billion, a P/E ratio of -528.32, a PEG ratio of 5.27 and a beta of 2.18. The stock has a 50-day simple moving average of $98.71 and a two-hundred day simple moving average of $86.50. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $116.66.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.Roku’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the company earned ($0.06) earnings per share. Roku has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ROKU shares. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Roku in a report on Monday, October 27th. Citigroup boosted their price target on shares of Roku from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Roku in a research report on Wednesday, October 8th. Guggenheim upped their price target on shares of Roku from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, KeyCorp reissued an “overweight” rating and issued a $116.00 price objective on shares of Roku in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.18.

Insider Buying and Selling

In other news, CFO Dan Jedda sold 3,000 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $95.82, for a total transaction of $287,460.00. Following the sale, the chief financial officer directly owned 80,420 shares of the company’s stock, valued at $7,705,844.40. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles Collier sold 15,404 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $104.71, for a total value of $1,612,952.84. Following the transaction, the insider owned 200 shares in the company, valued at $20,942. This represents a 98.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 483,463 shares of company stock valued at $50,048,127. Corporate insiders own 13.98% of the company’s stock.

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.