ARK Investment Management Reduces $296M in Roku, Inc. ($ROKU)
Key Points
- ARK Investment Management changed its Roku, Inc. ($ROKU) stake by 35.0% last quarter, cutting to 3,820,405 shares worth $548.92 million.
- Wall Street's consensus rating on $ROKU is Strong Buy and an average price target of $147.89.
- $ROKU last traded around $143.68.
ARK Investment Management reduced its position in Roku, Inc. ($ROKU) by 35.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,820,405 shares of Roku, Inc. after selling 2,061,333 shares during the quarter. ARK Investment Management's holdings in Roku, Inc. were worth $548.92 million as of its most recent filing.
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About Roku, Inc.
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, as well as offers digital advertising services. The company also sells streaming players, Roku-branded TVs, smart home products and services, audio products, and related accessories. Roku, Inc. was incorporated in 2002 and is headquartered in San Jose, California.
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