Westfield Capital Management Co. LP Acquires 9,990 Shares of Roku, Inc. $ROKU

Westfield Capital Management Co. LP grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,112,478 shares of the company’s stock after acquiring an additional 9,990 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Roku were worth $120,693,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Roku by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company’s stock valued at $1,301,557,000 after acquiring an additional 322,858 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after acquiring an additional 1,897,407 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Roku by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock valued at $267,389,000 after acquiring an additional 168,214 shares during the last quarter. Holocene Advisors LP boosted its position in shares of Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after acquiring an additional 1,285,585 shares during the last quarter. Finally, Duquesne Family Office LLC boosted its position in shares of Roku by 123.0% during the 2nd quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock valued at $96,723,000 after acquiring an additional 606,900 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

ROKU opened at $125.59 on Friday. Roku, Inc. has a 52-week low of $73.65 and a 52-week high of $133.46. The stock has a market capitalization of $18.52 billion, a PE ratio of 94.43 and a beta of 2.06. The stock’s 50 day moving average price is $114.77 and its 200-day moving average price is $105.03.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm earned ($0.19) earnings per share. The business’s revenue was up 22.4% compared to the same quarter last year. Research analysts forecast that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $128.79, for a total transaction of $9,659,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gilbert Fuchsberg sold 9,593 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $125.52, for a total value of $1,204,113.36. Following the transaction, the insider directly owned 50,863 shares in the company, valued at $6,384,323.76. This trade represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 696,631 shares of company stock valued at $77,636,680 over the last three months. 13.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ROKU has been the subject of a number of research analyst reports. Moffett Nathanson reiterated a “neutral” rating and set a $100.00 price target on shares of Roku in a research report on Friday, February 13th. Wells Fargo & Company boosted their target price on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Needham & Company LLC boosted their target price on Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $160.00 target price on Roku in a research report on Monday, March 2nd. Finally, Guggenheim boosted their target price on Roku from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Twenty-two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.29.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand The Roku Channel with new free live TV offerings, including Sports Illustrated and FIFA Plus channels, which should help drive engagement and ad-supported viewing. Article Title
• Positive Sentiment: Roku also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, underscoring management’s push to grow device sales and premium streaming adoption. Article Title
• Positive Sentiment: Multiple bullish articles highlighted Roku’s rising scale, including claims that the company is now in 100 million households worldwide and is better positioned for live sports and ad-supported streaming growth. Article Title
• Positive Sentiment: Coverage praising Roku’s expanding channel lineup and its $300 QLED smart TV suggests the company is strengthening its hardware-and-platform ecosystem. Article Title
• Neutral Sentiment: Roku’s presentation at the Evercore Global TMT Conference kept investors focused on the company’s strategy and outlook, but the transcript itself is not a direct catalyst. Article Title
• Negative Sentiment: Several insiders sold shares, including a director, SVP, CAO and another executive; the transactions were pre-planned and tied to tax withholding, but insider selling can still pressure sentiment. Article Title
• Negative Sentiment: A broader pullback in growth stocks, driven by higher Treasury yields and a softer advertising outlook, also weighed on Roku because its business is closely tied to ad spending. Article Title

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.