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Roblox Co. (NYSE:RBLX) Stake Raised by Benjamin Edwards Inc.

Roblox logo with Consumer Discretionary background

Benjamin Edwards Inc. raised its stake in Roblox Co. (NYSE:RBLX - Free Report) by 12,971.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,024 shares of the company's stock after acquiring an additional 51,626 shares during the quarter. Benjamin Edwards Inc.'s holdings in Roblox were worth $2,302,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. increased its stake in Roblox by 1.9% in the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company's stock valued at $1,084,395,000 after buying an additional 535,414 shares during the last quarter. FMR LLC boosted its holdings in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock valued at $926,924,000 after purchasing an additional 4,115,286 shares during the period. ARK Investment Management LLC increased its stake in Roblox by 12.9% in the 2nd quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company's stock worth $496,338,000 after acquiring an additional 1,519,591 shares during the last quarter. Dragoneer Investment Group LLC lifted its position in Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Roblox by 17.6% in the second 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. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RBLX has been the subject of several analyst reports. BTIG Research increased their price target on shares of Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Barclays upped their price objective on shares of Roblox from $40.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on Roblox from $51.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Citigroup increased their target price on Roblox from $53.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, Wedbush reissued an "outperform" rating and set a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $55.30.

Get Our Latest Analysis on Roblox

Insider Transactions at Roblox

In other Roblox news, insider Manuel Bronstein sold 40,739 shares of the company's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00. Following the completion of the sale, the insider now directly owns 727,485 shares in the company, valued at $32,736,825. This represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 25,000 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $51.19, for a total transaction of $1,279,750.00. Following the completion of the transaction, the director now owns 5,706,695 shares of the company's stock, valued at $292,125,717.05. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,038,607 shares of company stock worth $49,713,872. Company insiders own 22.15% of the company's stock.

Roblox Trading Up 8.1 %

NYSE RBLX traded up $4.42 during trading hours on Thursday, reaching $58.96. The company had a trading volume of 21,002,349 shares, compared to its average volume of 7,653,760. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $59.14. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a 50-day moving average of $46.75 and a 200 day moving average of $41.96. The stock has a market capitalization of $35.82 billion, a P/E ratio of -35.95 and a beta of 1.50.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million during 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 revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.45) EPS. As a group, research analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

About Roblox

(Free Report)

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.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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