Artisan Partners Limited Partnership Acquires Shares of 555,873 Roku, Inc. $ROKU

Artisan Partners Limited Partnership bought a new stake in Roku, Inc. (NASDAQ:ROKU) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 555,873 shares of the company’s stock, valued at approximately $55,660,000. Artisan Partners Limited Partnership owned 0.38% of Roku as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ROKU. Westfuller Advisors LLC acquired a new stake in Roku in the 3rd quarter worth about $30,000. Root Financial Partners LLC purchased a new position in shares of Roku in the third quarter valued at approximately $33,000. Rakuten Securities Inc. lifted its position 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 acquiring an additional 158 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Roku by 20,450.0% in the third quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock worth $41,000 after acquiring an additional 409 shares during the last quarter. Finally, True Wealth Design LLC increased 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 worth $52,000 after purchasing an additional 533 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Price Performance

Shares of ROKU stock opened at $98.41 on Friday. The company has a market capitalization of $14.51 billion, a PE ratio of 172.65 and a beta of 1.99. The firm’s 50-day moving average is $100.54 and its two-hundred day moving average is $99.17. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.25. Roku had a net margin of 1.87% and a return on equity of 3.40%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm earned ($0.24) EPS. The business’s revenue was up 16.1% compared to the same quarter last year. Sell-side analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ROKU. Citigroup restated an “outperform” rating on shares of Roku in a report on Friday, January 9th. KeyCorp increased their target price on shares of Roku from $128.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Oppenheimer boosted their price target on shares of Roku from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Pivotal Research increased their price objective on shares of Roku from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, February 16th. Finally, Wall Street Zen raised shares of Roku from a “hold” rating to a “buy” rating in a research note on Sunday, December 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.96.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku rolled out 17 new free channels on The Roku Channel, expanding content selection that can boost viewer engagement and ad-revenue potential for the platform. Roku quietly rolls out a major free upgrade for users
• Positive Sentiment: Analyst/investor coverage picked up — Zacks published pieces highlighting increased investor attention and listing Roku among must-watch streaming stocks — which can attract flows and re-rate sentiment after Roku’s recent earnings beat. Roku, Inc. (ROKU) is Attracting Investor Attention
• Positive Sentiment: New original/exclusive programming (example: The Reunion: Laguna Beach premiere on The Roku Channel) supports content-led engagement and subscription/ads upside on the platform. ‘The Reunion: Laguna Beach’ Gets Premiere Date On Roku Channel
• Neutral Sentiment: Retail discounting on Roku hardware (Streambar SE, Streaming Stick 4K, Streaming Stick Plus and Roku TV deals) is widespread — this likely boosts unit sales/market share but may compress hardware margins and lower ASPs. Coverage of these price cuts appeared across Gizmodo, Kotaku, Mashable and MSN. Roku’s 2-in-1 Soundbar and Streaming Combo Hits a New Low Roku Streambar SE Falls Below Its Black Friday Price The Roku Streaming Stick 4K is back on sale at Amazon
• Negative Sentiment: A Pocket-lint piece flags a limitation with the Roku Ultra’s Ethernet port that may surprise buyers — negative product PR can dent consumer confidence and complicate hardware upsell conversations. Your Roku Ultra’s Ethernet port doesn’t do what you think

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $90.79, for a total value of $4,539,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $88.88, for a total transaction of $266,640.00. Following the transaction, the chief financial officer directly owned 84,267 shares of the company’s stock, valued at approximately $7,489,650.96. This trade represents a 3.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 219,710 shares of company stock valued at $22,761,608. 13.98% of the stock is currently owned by company insiders.

Roku Company Profile

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.