At the UBS Global Media and Communications Conference, industry leaders discussed the evolving landscape of media and communications. Comcast's Dave Watson projected over 100,000 broadband subscriber losses in Q4 due to hurricanes, while Fox and Disney executives emphasized their strategic participation in Venu to enhance viewer engagement without replicating existing bundles. Roku's CFO highlighted their competitive edge and strong partnerships, and TKO Group's Mark Shapiro expressed interest in expanding the Professional Bull Riders and exploring organic growth in boxing.
Roku insiders sold 90,240 shares worth $6.7 million over the past 90 days, with 13.98% of stock owned by insiders. Institutional investors hold 86.30% of shares, with FMR LLC and ARK Investment Management increasing their stakes. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $84.14.
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