Private Advisor Group LLC trimmed its holdings in shares of Roblox Co. (NYSE:RBLX – Get Rating) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,496 shares of the company’s stock after selling 10,735 shares during the quarter. Private Advisor Group LLC’s holdings in Roblox were worth $508,941,000 as of its most recent filing with the SEC.
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Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its stake in Roblox by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 788,954 shares of the company’s stock worth $36,481,000 after purchasing an additional 39,203 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Roblox by 7.9% in the first quarter. PNC Financial Services Group Inc. now owns 18,574 shares of the company’s stock worth $860,000 after purchasing an additional 1,361 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Roblox by 949.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 20,062 shares of the company’s stock worth $928,000 after purchasing an additional 18,150 shares in the last quarter. BlackRock Inc. grew its stake in Roblox by 265.4% in the first quarter. BlackRock Inc. now owns 311,209 shares of the company’s stock worth $14,390,000 after purchasing an additional 226,029 shares in the last quarter. Finally, Cibc World Market Inc. grew its stake in Roblox by 62.0% in the first quarter. Cibc World Market Inc. now owns 92,495 shares of the company’s stock worth $4,277,000 after purchasing an additional 35,412 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider Craig Donato sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $37.48, for a total transaction of $74,960.00. Following the sale, the insider now owns 1,150,491 shares of the company’s stock, valued at $43,120,402.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Mark Reinstra sold 12,500 shares of the stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $36.99, for a total transaction of $462,375.00. Following the completion of the sale, the insider now owns 231,990 shares in the company, valued at approximately $8,581,310.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Donato sold 2,000 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $37.48, for a total value of $74,960.00. Following the sale, the insider now owns 1,150,491 shares of the company’s stock, valued at approximately $43,120,402.68. The disclosure for this sale can be found here. Insiders have sold a total of 622,713 shares of company stock valued at $23,758,176 over the last quarter. Corporate insiders own 28.22% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently commented on RBLX. Credit Suisse Group lifted their price target on Roblox from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Thursday, February 16th. Citigroup lifted their target price on Roblox from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Stifel Nicolaus decreased their target price on Roblox from $44.00 to $40.00 in a research note on Tuesday, January 10th. Wolfe Research downgraded Roblox from a “market perform” rating to an “underperform” rating and set a $24.00 target price for the company. in a research note on Wednesday, December 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Roblox from $45.00 to $55.00 in a research note on Thursday, February 16th. Seven analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Hold” and a consensus target price of $37.75.
Roblox Stock Performance
Shares of NYSE RBLX opened at $43.01 on Thursday. Roblox Co. has a 12-month low of $21.65 and a 12-month high of $53.88. The company has a market cap of $23.82 billion, a PE ratio of -27.75 and a beta of 1.72. The stock has a 50 day simple moving average of $39.43 and a 200-day simple moving average of $36.60. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.24.
Roblox (NYSE:RBLX – Get Rating) last announced its earnings results on Wednesday, February 15th. The company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.07. Roblox had a negative return on equity of 200.01% and a negative net margin of 41.54%. The firm had revenue of $899.40 million for the quarter, compared to analysts’ expectations of $884.71 million. During the same quarter in the previous year, the company earned ($0.25) earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts forecast that Roblox Co. will post -1.84 EPS for the current year.
About Roblox
Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.
See Also
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