Roku Stock Is Now Over 50% Owned by Hedge Funds & Institutional Investors

Luke Bouma

5 years ago

Roku has recently seen strong growth in its stock. On June 17, 2018, Roku’s stock sold for $44.93. One year later, it is over $90.58. (At the time of writing this story.) Roku’s recent success seems to have grabbed the attention of investors like PNC Financial Services Group Inc., Meridian Wealth Management LLC, and CWM LLC, who have all purchased shares of Roku over the last year.

Many of these investments have been small, but M eridian Wealth Management LLC spent a reported $573,000 on 8,879 Roku shares in the first quarter of 2019.

Put together Roku’s stock is 50.49% owned by institutional investors and hedge funds.

Roku recently announced its 1^st quarter 2019 earnings and Roku’s ad/subscription revenue has continued to climb to a new record. Roku’s revenues from ads and subscriptions was $134.2 million, up 79% from $75.1 in the 1^st quarter of 2018. Roku’s revenue from selling streaming devices was just $72.% million in the 1^st quarter of 2019, which is up just 18% from $61.5 million in the 1^st quarter of 2018. Overall, Roku’s revenues went up 51% over the same period in 2018.

From the looks of it, investors are happy with Roku’s current plans as revenue continues to go up.

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