The Manufacturers Life Insurance Company Grows Position in Roku, Inc. $ROKU

The Manufacturers Life Insurance Company lifted its position in Roku, Inc. (NASDAQ:ROKU) by 23.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 32,307 shares of the company’s stock after purchasing an additional 6,055 shares during the period. The Manufacturers Life Insurance Company’s holdings in Roku were worth $3,057,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. raised its holdings in shares of Roku by 6.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock worth $144,000 after acquiring an additional 93 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Roku by 1.5% in the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after purchasing an additional 96 shares in the last quarter. Quantum Portfolio Management LLC increased its position in Roku by 2.6% in the first quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock worth $391,000 after purchasing an additional 105 shares during the last quarter. HB Wealth Management LLC increased its position in Roku by 3.7% in the first quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock worth $326,000 after purchasing an additional 122 shares during the last quarter. Finally, Quarry LP raised its stake in Roku by 21.7% during the fourth quarter. Quarry LP now owns 689 shares of the company’s stock valued at $75,000 after purchasing an additional 123 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In related news, Director Neil D. Hunt sold 2,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $146.25, for a total value of $292,500.00. Following the transaction, the director owned 9,629 shares of the company’s stock, valued at $1,408,241.25. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,538 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $145.93, for a total value of $2,997,110.34. Following the transaction, the insider owned 15,200 shares in the company, valued at $2,218,136. The trade was a 57.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 237,452 shares of company stock valued at $31,470,382 in the last ninety days. Corporate insiders own 13.45% of the company’s stock.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku reported second-quarter revenue of approximately $1.35 billion, up 21.9% year over year and above the roughly $1.30 billion consensus estimate. Earnings reached about $1.08 per share, compared with $0.07 a year earlier and estimates near $0.61, while the company also highlighted record profitability and free cash flow. ROKU Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The platform business remains Roku’s primary growth engine. Advertising spending increased 25% and subscriptions rose 26%, supporting higher-margin revenue and stronger engagement. Roku Ad Spend Up 25%, Subscriptions Rise 26%
• Positive Sentiment: Roku said improved search capabilities and artificial intelligence help viewers interpret broad queries and discover content more efficiently. Better discovery could increase viewing time, platform engagement and advertising opportunities. Roku Credits Search and AI
• Neutral Sentiment: Fox’s proposed $22 billion acquisition of Roku remains pending. The transaction may provide strategic support, but Roku is not holding an earnings call or issuing financial guidance while the deal proceeds. Roku Second-Quarter Results
• Negative Sentiment: Despite improving cash flow, Roku’s valuation remains demanding, with a high earnings multiple and mixed signals between discounted-cash-flow estimates and market multiples. Pre-arranged insider sales, including a transaction by President Charles Collier, may also add modest investor caution. Roku Valuation Analysis

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Fox Advisors set a $157.00 price objective on shares of Roku in a research note on Friday, July 17th. KeyCorp downgraded shares of Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Rosenblatt Securities lifted their price target on Roku from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Finally, Wolfe Research downgraded Roku from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, June 16th. Nine research analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $155.75.

Roku Price Performance

ROKU stock opened at $153.11 on Friday. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $153.54. The firm’s 50-day moving average is $138.39 and its 200 day moving average is $116.30. The company has a market capitalization of $22.57 billion, a PE ratio of 65.43 and a beta of 2.01.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.47. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.95%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. Sell-side analysts forecast that Roku, Inc. will post 2.41 EPS for the current fiscal year.

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.