Congress Asset Management Co. Sells 5,817 Shares of Roku, Inc. $ROKU

Congress Asset Management Co. reduced its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 260,792 shares of the company’s stock after selling 5,817 shares during the period. Congress Asset Management Co.’s holdings in Roku were worth $39,713,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ROKU. Bayban boosted its holdings in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 260 shares during the period. CX Institutional raised its holdings in shares of Roku by 44.1% during the third quarter. CX Institutional now owns 281 shares of the company’s stock worth $43,000 after acquiring an additional 86 shares during the period. Elevation Wealth Partners LLC raised its holdings in shares of Roku by 208.7% during the second quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock worth $44,000 after acquiring an additional 215 shares during the period. Osbon Capital Management LLC bought a new stake in Roku in the 4th quarter valued at $45,000. Finally, Hilton Head Capital Partners LLC lifted its position in Roku by 175.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 550 shares of the company’s stock valued at $52,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Trading Down 0.9%

Shares of NASDAQ:ROKU traded down $1.35 during trading on Tuesday, hitting $152.06. 1,563,470 shares of the company were exchanged, compared to its average volume of 3,358,708. Roku, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $159.89. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 64.98 and a beta of 2.05. The firm has a fifty day moving average price of $153.66 and a two-hundred day moving average price of $133.75.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.61 by $0.47. Roku had a return on equity of 13.73% and a net margin of 6.82%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, research analysts predict that Roku, Inc. will post 2.92 EPS for the current year.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is being highlighted by Zacks as a growth stock for the fourth quarter, with streaming growth and improving earnings estimates cited as potential catalysts. This may support investor interest, although the recommendation is not a company-specific earnings announcement. Zacks growth stock article
• Positive Sentiment: Roku is expanding its original and licensed content slate with Scarlett Holmes, a limited series starring Lucy Hale. Additional programming could strengthen engagement with The Roku Channel and its advertising business, though the direct financial impact is uncertain. Deadline Scarlett Holmes article
• Positive Sentiment: Roku’s newly released 65-inch 4K OLED television is being promoted at $799.99 during Amazon’s October Prime Day. The deal may increase product visibility and adoption of Roku-powered televisions, although promotional pricing could limit near-term hardware margins. IGN Roku OLED TV article

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of research reports. Weiss Ratings upgraded Roku from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. William Blair downgraded Roku from an “outperform” rating to a “market perform” rating in a research report on Monday, June 15th. Robert W. Baird reaffirmed a “neutral” rating and set a $160.00 price target on shares of Roku in a research note on Monday, June 15th. Guggenheim downgraded shares of Roku from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $145.00 to $160.00 in a report on Friday, August 7th. Finally, Fox Advisors set a $157.00 price objective on shares of Roku in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat.com, Roku currently has a consensus rating of “Hold” and a consensus price target of $156.17.

Insider Transactions at Roku

In other Roku news, Director Neil Hunt sold 2,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $151.09, for a total value of $302,180.00. Following the completion of the sale, the director owned 9,629 shares in the company, valued at $1,454,845.61. This trade represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gilbert Fuchsberg sold 4,824 shares of Roku stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $155.64, for a total transaction of $750,807.36. Following the completion of the transaction, the insider directly owned 40,168 shares of the company’s stock, valued at approximately $6,251,747.52. This trade represents a 10.72% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 91,747 shares of company stock valued at $14,040,808. 13.45% of the stock is owned by company insiders.

About Roku

Roku, Inc develops and operates a television streaming platform that connects consumers with digital entertainment. Its platform enables users to access streaming services, live television, movies, music and other content through Roku devices and Roku-powered televisions.

The company offers Roku streaming players, Roku-branded televisions and the Roku operating system, which it licenses to television manufacturers. Roku also operates The Roku Channel, an ad-supported streaming service offering movies, television programs, news, live channels and other content.