ARK Investment Management LLC Has $736.14 Million Stock Holdings in Roku, Inc. $ROKU

ARK Investment Management LLC lessened its stake in Roku, Inc. (NASDAQ:ROKU) by 13.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,351,856 shares of the company’s stock after selling 1,108,222 shares during the quarter. Roku makes up about 4.4% of ARK Investment Management LLC’s holdings, making the stock its 3rd largest position. ARK Investment Management LLC owned approximately 4.98% of Roku worth $736,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Westfuller Advisors LLC purchased a new stake in Roku in the 3rd quarter valued at $30,000. Root Financial Partners LLC bought a new stake in shares of Roku in the 3rd quarter worth $33,000. Rakuten Securities Inc. raised its holdings in shares of Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Roku by 20,450.0% during the third quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock valued at $41,000 after purchasing an additional 409 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Roku by 859.7% during the second quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $52,000 after purchasing an additional 533 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Apple TV is now available as a Premium Subscription on The Roku Channel in the U.S., letting Roku users subscribe and manage Apple TV via their Roku accounts. That deal should increase subscription options on Roku, keep viewers inside Roku’s ecosystem longer, and expand ad and subscription monetization opportunities. Roku Adds Apple TV to Premium Subscriptions (Business Wire)
• Positive Sentiment: High-profile endorsement: Jim Cramer publicly said Roku is “a very smart…thing to buy,” highlighting Roku’s targeted advertising business as a core strength — a sentiment that can drive investor interest and short-term inflows. Jim Cramer on Roku (Yahoo Finance)
• Positive Sentiment: Roku’s Streaming Stick HD is heavily discounted (nearly 50% off in promotions), which can boost unit sales, expand the active user base, and increase future ad inventory and subscription attach rates — supportive for long‑term growth even if near-term device margins are thinner. Roku Streaming Stick HD Discount (Kotaku)
• Neutral Sentiment: Consumer/brand buzz: a light human-interest piece on a hidden “Punch the Monkey” easter-egg in Roku screensavers may increase brand engagement and social sharing but is unlikely to move fundamentals materially. Punch the Monkey in Roku Screensavers (MSN)

Insider Buying and Selling at Roku

In other news, Director Neil D. Hunt sold 2,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $97.70, for a total value of $195,400.00. Following the transaction, the director owned 7,782 shares of the company’s stock, valued at approximately $760,301.40. This represents a 20.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gilbert Fuchsberg sold 3,250 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $95.57, for a total value of $310,602.50. Following the completion of the transaction, the insider owned 60,456 shares in the company, valued at $5,777,779.92. This represents a 5.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 227,659 shares of company stock worth $23,524,283 in the last three months. 13.98% of the stock is currently owned by corporate insiders.

Roku Stock Up 3.7%

NASDAQ ROKU opened at $97.51 on Thursday. The company has a market cap of $14.38 billion, a PE ratio of 171.07 and a beta of 1.98. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66. The firm’s 50-day simple moving average is $99.72 and its two-hundred day simple moving average is $99.44.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.25. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Roku had a net margin of 1.87% and a return on equity of 3.40%. Roku’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.24) EPS. As a group, equities research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on shares of Roku from $128.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Zacks Research raised Roku from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. UBS Group reissued a “neutral” rating and issued a $110.00 price objective on shares of Roku in a research report on Friday, February 13th. Citigroup restated a “market outperform” rating on shares of Roku in a research note on Monday. Finally, Arete Research set a $132.00 target price on Roku and gave the stock a “buy” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.40.

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.