Charles Schwab Investment Management Inc. Buys 17,254 Shares of Roku, Inc. $ROKU

Charles Schwab Investment Management Inc. increased its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,045,586 shares of the company’s stock after acquiring an additional 17,254 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.71% of Roku worth $91,897,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Banque Transatlantique SA acquired a new position in shares of Roku during the first quarter valued at about $28,000. Beaird Harris Wealth Management LLC bought a new stake in Roku in the 1st quarter valued at about $30,000. JFS Wealth Advisors LLC increased its position in Roku by 327.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock valued at $40,000 after buying an additional 350 shares in the last quarter. Bogart Wealth LLC raised its stake in Roku by 234.1% during the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock worth $41,000 after buying an additional 323 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in Roku in the first quarter worth approximately $44,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ROKU shares. Citigroup boosted their price objective on Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. JPMorgan Chase & Co. lifted their price target on shares of Roku from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Piper Sandler upgraded shares of Roku from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $88.00 to $135.00 in a research note on Monday, November 3rd. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Roku in a research note on Monday, October 27th. Finally, Wells Fargo & Company boosted their target price on shares of Roku from $113.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.14.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 50,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $103.86, for a total value of $5,193,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Charles Collier sold 118,088 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $115.00, for a total value of $13,580,120.00. Following the completion of the transaction, the insider owned 200 shares of the company’s stock, valued at $23,000. This trade represents a 99.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 515,274 shares of company stock valued at $53,880,874 in the last 90 days. 13.98% of the stock is currently owned by corporate insiders.

Roku Trading Up 1.2%

Shares of NASDAQ:ROKU opened at $96.74 on Friday. The stock has a market cap of $14.29 billion, a PE ratio of -483.68 and a beta of 2.18. The stock’s fifty day simple moving average is $99.11 and its two-hundred day simple moving average is $90.44. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $116.66.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Roku has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast 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.