85,046 Shares in Roblox Co. (NYSE:RBLX) Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new stake in Roblox Co. (NYSE:RBLX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 85,046 shares of the company's stock, valued at approximately $3,165,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RBLX. Swedbank AB increased its stake in shares of Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company's stock valued at $1,983,000 after purchasing an additional 285 shares in the last quarter. Thrive Wealth Management LLC increased its position in Roblox by 4.3% during the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company's stock valued at $274,000 after buying an additional 300 shares in the last quarter. Mystic Asset Management Inc. raised its stake in Roblox by 4.0% during the first quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company's stock valued at $326,000 after buying an additional 325 shares during the last quarter. Center for Financial Planning Inc. boosted its holdings in Roblox by 2.3% in the second quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company's stock worth $659,000 after acquiring an additional 400 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its stake in shares of Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock worth $37,000 after acquiring an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RBLX shares. Benchmark upped their price target on shares of Roblox from $40.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. BTIG Research increased their price target on shares of Roblox from $47.00 to $51.00 and gave the company a "buy" rating in a report on Monday, September 9th. The Goldman Sachs Group boosted their price objective on shares of Roblox from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Jefferies Financial Group assumed coverage on Roblox in a research note on Thursday, July 11th. They set a "hold" rating and a $42.00 target price on the stock. Finally, Roth Mkm boosted their price target on Roblox from $35.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.40.

Roblox Stock Performance

NYSE RBLX traded down $0.50 on Tuesday, hitting $45.74. 5,190,173 shares of the company traded hands, compared to its average volume of 7,213,094. The business's 50 day moving average price is $41.45 and its 200-day moving average price is $38.22. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.49. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The company has a market capitalization of $27.38 billion, a price-to-earnings ratio of -24.59 and a beta of 1.60.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The company had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. During the same period in the previous year, the company posted ($0.46) EPS. The firm's revenue was up 31.2% on a year-over-year basis. Equities analysts expect that Roblox Co. will post -1.59 earnings per share for the current year.

Insider Activity

In other news, insider Arvind Chakravarthy sold 592 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total value of $25,645.44. Following the completion of the transaction, the insider now owns 276,892 shares of the company's stock, valued at $11,994,961.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Arvind Chakravarthy sold 592 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total transaction of $25,645.44. Following the completion of the transaction, the insider now owns 276,892 shares in the company, valued at $11,994,961.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total transaction of $476,710.00. Following the completion of the sale, the director now owns 9,721,603 shares in the company, valued at $356,491,182.01. The disclosure for this sale can be found here. Insiders have sold 608,675 shares of company stock worth $25,410,923 in the last three months. Company insiders own 22.15% of the company's stock.

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.