FMR LLC Discloses 8.73% Passive Stake in Roku
Ticker: ROKU · Form: SC 13G · Filed: Feb 9, 2024
Sentiment: bullish
Topics: institutional-ownership, passive-stake, SC-13G
TL;DR
**FMR LLC just revealed an 8.73% passive stake in Roku, a bullish sign from a big player.**
AI Summary
FMR LLC, a major investment management firm, and its Chair and CEO, Abigail P. Johnson, have reported a significant passive stake in ROKU, INC. As of February 9, 2024, FMR LLC beneficially owns 10,921,250 shares of Roku's Class A Common Stock, representing 8.730% of the class. This filing indicates a substantial, but passive, investment by a prominent institutional investor, suggesting confidence in Roku's long-term prospects without seeking to influence management.
Why It Matters
This filing signals that a major institutional investor, FMR LLC, sees value in Roku, which can be a positive indicator for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a passive investment by a large institution, which generally indicates confidence rather than immediate risk.
Analyst Insight
A smart investor would view this as a positive signal of institutional confidence in Roku, potentially reinforcing a long-term bullish thesis, but should still conduct their own due diligence.
Key Numbers
- 10,921,250 — Shares Beneficially Owned (Total Class A Common Stock shares held by FMR LLC and Abigail P. Johnson.)
- 8.730% — Percent of Class (The percentage of Roku's Class A Common Stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- ROKU, INC. (company) — subject company, issuer of Class A Common Stock
- Abigail P. Johnson (person) — reporting person, likely associated with FMR LLC
- 10,921,250 (dollar_amount) — shares beneficially owned by FMR LLC and Abigail P. Johnson
- 8.730% (dollar_amount) — percentage of Class A Common Stock owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain its passive stake in Roku for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- Roku's stock price may see a slight positive sentiment boost due to institutional confidence. (ROKU, INC.) — medium confidence, target: 2024-03-09
FAQ
Who is the primary reporting person in this SC 13G filing?
The primary reporting person in this SC 13G filing is FMR LLC, as stated in Item 1 of the filing.
What is the total number of Class A Common Stock shares of ROKU INC beneficially owned by FMR LLC?
FMR LLC beneficially owns 10,921,250 shares of ROKU INC Class A Common Stock, as indicated in Item 4(a) of the filing.
What percentage of ROKU INC's Class A Common Stock does FMR LLC own?
FMR LLC owns 8.730% of ROKU INC's Class A Common Stock, as detailed in Item 4(b) and Item 11 for both FMR LLC and Abigail P. Johnson.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
Who is Abigail P. Johnson and what is her reported ownership in ROKU INC?
Abigail P. Johnson is also listed as a reporting person and beneficially owns 10,921,250 shares, representing 8.730% of ROKU INC's Class A Common Stock, as per Item 1 and Item 11 for her.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding ROKU, INC (ROKU).