Virtu Financial LLC Invests $2.34 Million in Roblox Co. (NYSE:RBLX)

Virtu Financial LLC purchased a new stake in shares of Roblox Co. (NYSE:RBLX) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 52,900 shares of the company’s stock, valued at approximately $2,341,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in Roblox by 0.5% during the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after purchasing an additional 285 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new stake in shares of Roblox during the second quarter worth approximately $2,663,000. Blue Trust Inc. increased its stake in shares of Roblox by 1,836.5% in the second quarter. Blue Trust Inc. now owns 3,931 shares of the company’s stock worth $150,000 after buying an additional 3,728 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Roblox by 17.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,984,817 shares of the company’s stock valued at $371,535,000 after acquiring an additional 1,491,726 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Roblox by 44.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,593 shares of the company’s stock valued at $96,000 after acquiring an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the subject of several research analyst reports. Raymond James restated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up from $56.00) on shares of Roblox in a report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price target on Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Citigroup upped their price target on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.67.

Roblox Trading Down 0.5 %

Shares of RBLX opened at $59.61 on Friday. The business’s 50-day moving average price is $48.52 and its 200 day moving average price is $42.97. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $61.05.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.45) EPS. On average, analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now owns 91,062 shares in the company, valued at $4,817,179.80. The trade was a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 333,334 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54. Following the sale, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at $7,409,896.45. This trade represents a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,412,379 shares of company stock valued at $71,728,919. Company insiders own 22.15% of the company’s stock.

Roblox Company Profile

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.