Benjamin Edwards Inc. lowered its stake in shares of Roku, Inc. (NASDAQ:ROKU – Free Report) by 23.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,351 shares of the company’s stock after selling 10,716 shares during the quarter. Benjamin Edwards Inc.’s holdings in Roku were worth $3,540,000 at the end of the most recent quarter. Get Roku alerts: A number of other large investors also recently modified their hold ...

Core Insights - Netflix has evolved from a streaming platform to a significant part of consumer habits, often replacing traditional movie-going experiences [1] Company Overview - Netflix is now integrated into daily life, with many consumers preferring to watch content at home on their couches rather than going to theaters [1]

Core Insights - Roku is the largest streaming platform in the U.S. by hours and broadband penetration, serving as the operating system for connected TVs and providing a player that converts any TV into a smart TV with the latest technology [5][6]. Company Overview - Roku operates as the leading streaming platform in the U.S., Mexico, and Canada, with ongoing growth in Brazil [5][6]. Financial Outlook - The CFO mentioned that the full-year outlook provided in February was positively influenced by a recent acquisition, although specific details on the acquisition and its impact on guidance were not elaborated [3].