Global Assets Advisory LLC Takes Position in Roblox Co. (NYSE:RBLX)

Global Assets Advisory LLC bought a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 115,261 shares of the company's stock, valued at approximately $4,401,000.

A number of other large investors have also modified their holdings of the business. Global Retirement Partners LLC grew its position in shares of Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company's stock valued at $202,000 after purchasing an additional 320 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Roblox by 0.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company's stock valued at $4,297,000 after buying an additional 458 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Roblox in the fourth quarter valued at approximately $25,000. Allworth Financial LP grew its position in Roblox by 90.2% in the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company's stock worth $57,000 after acquiring an additional 587 shares during the period. Finally, Signaturefd LLC raised its position in Roblox by 15.8% in the fourth quarter. Signaturefd LLC now owns 4,770 shares of the company's stock valued at $218,000 after purchasing an additional 651 shares during the period. Hedge funds and other institutional investors own 91.08% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on RBLX shares. BMO Capital Markets reissued an "outperform" rating and set a $56.00 price objective (down from $57.00) on shares of Roblox in a research report on Monday, May 13th. The Goldman Sachs Group decreased their price objective on shares of Roblox from $48.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday, May 13th. Canaccord Genuity Group dropped their target price on shares of Roblox from $56.00 to $48.00 and set a "buy" rating for the company in a report on Friday, May 10th. Wedbush decreased their price target on Roblox from $56.00 to $46.00 and set an "outperform" rating on the stock in a research note on Friday, May 10th. Finally, Macquarie assumed coverage on Roblox in a research note on Friday, June 14th. They issued an "outperform" rating and a $46.00 price objective for the company. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.14.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 166,666 shares of the company's stock in a transaction on Monday, June 10th. The stock was sold at an average price of $35.12, for a total transaction of $5,853,309.92. Following the transaction, the chief executive officer now owns 142,260 shares of the company's stock, valued at $4,996,171.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO David Baszucki sold 166,666 shares of the firm's stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $35.12, for a total value of $5,853,309.92. Following the completion of the sale, the chief executive officer now owns 142,260 shares in the company, valued at $4,996,171.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of the company's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $37.64, for a total transaction of $489,320.00. Following the transaction, the director now owns 9,760,603 shares in the company, valued at $367,389,096.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 414,221 shares of company stock worth $14,741,995. Company insiders own 22.15% of the company's stock.

Roblox Stock Up 0.7 %

NYSE:RBLX traded up $0.24 during trading hours on Tuesday, hitting $35.43. The company's stock had a trading volume of 5,552,016 shares, compared to its average volume of 7,810,045. The stock has a market capitalization of $20.95 billion, a P/E ratio of -18.91 and a beta of 1.58. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. The stock has a fifty day moving average of $34.95 and a 200-day moving average of $38.86. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10. The business had revenue of $923.76 million for the quarter, compared to analyst estimates of $918.85 million. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The business's quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.44) EPS. On average, equities analysts forecast that Roblox Co. will post -1.7 earnings per share for the current year.

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.