Roblox Co. (NYSE:RBLX) Stock Holdings Lifted by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its stake in shares of Roblox Co. (NYSE:RBLX) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,629 shares of the company’s stock after acquiring an additional 5,046 shares during the quarter. RWA Wealth Partners LLC’s holdings in Roblox were worth $1,656,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Toronto Dominion Bank raised its holdings in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares during the period. Smith Group Asset Management LLC raised its stake in Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in shares of Roblox in the fourth quarter valued at $363,000. Silicon Valley Capital Partners boosted its position in shares of Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after buying an additional 66,882 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in shares of Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after buying an additional 1,971 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David Baszucki sold 34,099 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the completion of the transaction, the chief executive officer now owns 221,983 shares in the company, valued at approximately $12,664,130.15. This represents a 13.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the transaction, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 926,466 shares of company stock valued at $60,212,297. Insiders own 22.15% of the company’s stock.

Roblox Trading Down 1.2 %

Roblox stock opened at $58.36 on Tuesday. The business’s 50-day simple moving average is $63.07 and its 200-day simple moving average is $55.65. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The firm has a market capitalization of $36.13 billion, a PE ratio of -40.25 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RBLX. Needham & Company LLC increased their price objective on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. CICC Research assumed coverage on shares of Roblox in a report on Tuesday, January 14th. They set an “outperform” rating for the company. HSBC began coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective on the stock. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research report on Friday, February 7th. Finally, Benchmark restated a “buy” rating and set a $71.00 price target on shares of Roblox in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.23.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It 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 experience; and Roblox Cloud, which provides services and infrastructure that power the platform.