SBI Securities Co. Ltd. Cuts Stock Holdings in Roku, Inc. $ROKU

SBI Securities Co. Ltd. reduced its position in Roku, Inc. (NASDAQ:ROKU) by 2.0% in the second quarter, Holdings Channel.com reports. The fund owned 32,118 shares of the company’s stock after selling 669 shares during the period. SBI Securities Co. Ltd.’s holdings in Roku were worth $2,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in Roku by 196.4% during the 2nd quarter. Allworth Financial LP now owns 2,134 shares of the company’s stock valued at $188,000 after purchasing an additional 1,414 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Roku by 41.2% during the second quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock valued at $236,545,000 after purchasing an additional 785,864 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Roku during the second quarter valued at $256,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Roku by 29.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,736 shares of the company’s stock valued at $74,595,000 after buying an additional 192,681 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new stake in Roku in the 2nd quarter worth about $1,285,000. 86.30% of the stock is owned by institutional investors.

Roku Price Performance

Shares of Roku stock opened at $105.92 on Thursday. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $116.66. The company’s fifty day simple moving average is $99.51 and its 200-day simple moving average is $88.00. The stock has a market capitalization of $15.65 billion, a PE ratio of -529.57 and a beta of 2.18.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted ($0.06) EPS. Roku’s revenue was up 14.0% on a year-over-year basis. Roku has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

ROKU has been the topic of several research analyst reports. Zacks Research upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Morgan Stanley reissued an “underweight” rating on shares of Roku in a report on Friday, October 31st. Piper Sandler upgraded shares of Roku from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $88.00 to $135.00 in a report on Monday, November 3rd. KeyCorp reiterated an “overweight” rating and set a $116.00 target price on shares of Roku in a research note on Tuesday, October 28th. Finally, Wedbush reissued an “outperform” rating and set a $110.00 price target on shares of Roku in a report on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.18.

Insider Buying and Selling

In related news, insider Charles Collier sold 15,404 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $104.71, for a total value of $1,612,952.84. Following the completion of the sale, the insider directly owned 200 shares of the company’s stock, valued at approximately $20,942. This represents a 98.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $106.61, for a total transaction of $213,220.00. Following the sale, the director owned 7,782 shares in the company, valued at approximately $829,639.02. The trade was a 20.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 510,463 shares of company stock worth $53,393,847. Corporate insiders own 13.98% of the company’s stock.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.