Acadian Asset Management LLC Buys 785,864 Shares of Roku, Inc. $ROKU

Acadian Asset Management LLC grew its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 41.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,691,643 shares of the company’s stock after acquiring an additional 785,864 shares during the quarter. Acadian Asset Management LLC owned about 1.84% of Roku worth $236,545,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Roku by 2.1% during the first 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 during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Roku by 21.9% in the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $72,436,000 after buying an additional 37,465 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Roku by 29.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,736 shares of the company’s stock worth $74,595,000 after acquiring an additional 192,681 shares during the period. Finally, Northern Trust Corp boosted 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 worth $53,236,000 after acquiring an additional 42,926 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Transactions at Roku

In related news, insider Charles Collier sold 118,088 shares of Roku stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $115.00, for a total value of $13,580,120.00. Following the transaction, the insider directly owned 200 shares of the company’s stock, valued at $23,000. The trade was a 99.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mustafa Ozgen sold 50,527 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total value of $5,052,700.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 485,463 shares of company stock worth $50,261,347 over the last ninety days. 13.98% of the stock is owned by insiders.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $102.30 on Friday. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66. The firm has a market cap of $15.07 billion, a PE ratio of -511.47, a price-to-earnings-growth ratio of 5.08 and a beta of 2.18. The firm’s fifty day moving average is $98.97 and its 200-day moving average is $87.12.

Roku (NASDAQ:ROKU) last posted 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 business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.Roku’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share. Roku has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley reissued an “underweight” rating on shares of Roku in a research note on Friday, October 31st. JPMorgan Chase & Co. lifted their price target on Roku from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. JMP Securities restated a “market outperform” rating and set a $145.00 price objective on shares of Roku in a research report on Thursday, October 2nd. Raymond James Financial reiterated a “market perform” rating on shares of Roku in a research report on Friday, October 31st. Finally, Rosenblatt Securities boosted their target price on Roku from $101.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.18.

Roku Company Profile

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.