LPL Financial LLC Sells 15,039 Shares of Roblox Co. (NYSE:RBLX)

LPL Financial LLC cut its stake in Roblox Co. (NYSE:RBLX - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,306 shares of the company's stock after selling 15,039 shares during the quarter. LPL Financial LLC's holdings in Roblox were worth $7,134,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Roblox by 21.3% during the third quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company's stock valued at $1,533,000 after purchasing an additional 6,077 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Roblox during the 3rd quarter worth approximately $818,000. Janus Henderson Group PLC boosted its stake in shares of Roblox by 3.9% in the 3rd quarter. Janus Henderson Group PLC now owns 48,908 shares of the company's stock worth $2,164,000 after buying an additional 1,827 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Roblox by 3.6% in the third quarter. Royal London Asset Management Ltd. now owns 210,438 shares of the company's stock valued at $9,314,000 after acquiring an additional 7,332 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Roblox by 85.8% during the third quarter. Quantinno Capital Management LP now owns 34,316 shares of the company's stock valued at $1,519,000 after acquiring an additional 15,846 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

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Insider Buying and Selling at Roblox

In related news, CFO Michael Guthrie sold 26,154 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares of the company's stock, valued at $27,502,189.26. This trade represents a 5.90 % 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, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the sale, the insider now owns 204,261 shares of the company's stock, valued at approximately $12,513,028.86. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,232,833 shares of company stock valued at $76,827,466 in the last 90 days. Corporate insiders own 22.15% of the company's stock.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of recent analyst reports. Wedbush restated an "outperform" rating and issued a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Roth Mkm increased their price target on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. CICC Research began coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an "outperform" rating on the stock. The Goldman Sachs Group boosted their target price on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Oppenheimer upgraded shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and an average price target of $64.22.

Roblox Price Performance

Roblox stock traded up $1.16 during midday trading on Friday, reaching $57.28. 5,987,783 shares of the stock were exchanged, compared to its average volume of 7,867,392. The company's fifty day moving average is $60.20 and its 200-day moving average is $56.26. 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 Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The firm has a market cap of $36.00 billion, a PE ratio of -39.50 and a beta of 1.49.

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

Roblox 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.