Roku, Inc. $ROKU Stock Position Lifted by Entropy Technologies LP

Entropy Technologies LP lifted its position in Roku, Inc. (NASDAQ:ROKU) by 95.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,615 shares of the company’s stock after acquiring an additional 9,099 shares during the quarter. Entropy Technologies LP’s holdings in Roku were worth $2,020,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Apollon Wealth Management LLC lifted its holdings in shares of Roku by 1.5% in the 4th quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock worth $700,000 after purchasing an additional 96 shares during the last quarter. Thoroughbred Financial Services LLC boosted its position in Roku by 1.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after purchasing an additional 100 shares during the period. Quarry LP grew its stake in Roku by 21.7% during the 4th quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after buying an additional 123 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in Roku by 2.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock worth $648,000 after buying an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Roku by 3.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,664 shares of the company’s stock valued at $398,000 after buying an additional 135 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Roku news, insider Mustafa Ozgen sold 10,194 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the completion of the sale, the insider directly owned 19,185 shares of the company’s stock, valued at approximately $2,762,640. This represents a 34.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $3,250,000.00. 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 706,194 shares of company stock worth $80,756,499 in the last ninety days. Insiders own 13.45% of the company’s stock.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Fox’s $22 billion acquisition of Roku gives shareholders a clear takeover premium and sent the stock sharply higher as traders priced in deal value. Reuters: Fox to buy Roku in $22 billion deal
• Positive Sentiment: The transaction could strengthen Roku’s strategic position by pairing its streaming platform with Fox’s content and advertising ecosystem, supporting the bull case for a larger connected-TV leader. CNBC: Fox to buy streaming device maker Roku for $22 billion
• Positive Sentiment: Heavy options activity and earlier sale-talk reports suggest traders were positioning for a deal before the formal announcement, adding momentum to the stock. Stocktwits: Roku lands $22B buyout offer from Fox
• Neutral Sentiment: Trading in ROKU was briefly halted for “news pending,” reflecting the market’s anticipation of a major announcement rather than a change in fundamentals. Reuters: Fox to buy Roku in $22 billion deal
• Negative Sentiment: Some investor-rights firms have opened investigations into whether the deal gives Roku shareholders a fair price, which could create uncertainty or delay-related headlines. PRNewswire: Shareholder Alert on Roku fair price investigation

Analyst Ratings Changes

Several equities analysts have recently commented on ROKU shares. Benchmark upped their price target on shares of Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Jefferies Financial Group downgraded shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a research report on Monday. Wedbush boosted their target price on shares of Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Morgan Stanley upped their target price on shares of Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Finally, Needham & Company LLC raised their price target on shares of Roku from $140.00 to $170.00 and gave the company a “buy” rating in a research note on Monday. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.76.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $140.90 on Tuesday. The stock has a fifty day moving average price of $119.60 and a two-hundred day moving average price of $106.65. The firm has a market cap of $20.77 billion, a P/E ratio of 105.94 and a beta of 2.06. Roku, Inc. has a 1 year low of $77.64 and a 1 year high of $148.88.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. 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 business earned ($0.19) earnings per share. Roku’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, research analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Roku 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.