Itau Unibanco Holding S.A. Raises Stock Position in Roblox Co. (NYSE:RBLX)

Itau Unibanco Holding S.A. grew its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 62.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,482 shares of the company's stock after buying an additional 14,348 shares during the period. Itau Unibanco Holding S.A.'s holdings in Roblox were worth $1,395,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. PARK CIRCLE Co bought a new position in Roblox during the second quarter worth $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Roblox in the 2nd quarter valued at about $33,000. Gilliland Jeter Wealth Management LLC increased its position in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock valued at $37,000 after buying an additional 506 shares in the last quarter. Washington Trust Advisors Inc. acquired a new position in Roblox during the 1st quarter worth approximately $39,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Roblox by 98.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company's stock worth $42,000 after acquiring an additional 548 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company's stock.

Roblox Stock Performance

Shares of NYSE RBLX traded down $0.27 during mid-day trading on Friday, reaching $46.03. 7,791,371 shares of the company's stock were exchanged, compared to its average volume of 7,210,665. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.49. The firm has a 50-day moving average price of $41.83 and a two-hundred day moving average price of $38.36. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of -24.75 and a beta of 1.60.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. During the same quarter last year, the business posted ($0.46) EPS. Roblox's quarterly revenue was up 31.2% compared to the same quarter last year. Analysts predict that Roblox Co. will post -1.59 EPS for the current year.

Insider Buying and Selling at Roblox

In other news, Director Gregory Baszucki sold 13,000 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $36.67, for a total transaction of $476,710.00. Following the completion of the transaction, the director now owns 9,721,603 shares in the company, valued at approximately $356,491,182.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Gregory Baszucki sold 13,000 shares of the business's stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $36.67, for a total value of $476,710.00. Following the sale, the director now owns 9,721,603 shares of the company's stock, valued at $356,491,182.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 4,933 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the transaction, the chief accounting officer now directly owns 99,617 shares of the company's stock, valued at $4,019,545.95. The disclosure for this sale can be found here. Insiders have sold a total of 775,341 shares of company stock worth $33,004,226 over the last ninety days. 22.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wedbush reaffirmed an "outperform" rating and set a $46.00 target price on shares of Roblox in a research report on Monday, July 29th. Wolfe Research began coverage on shares of Roblox in a report on Tuesday, July 16th. They set a "peer perform" rating on the stock. Barclays lifted their price objective on shares of Roblox from $35.00 to $40.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd. Needham & Company LLC upped their target price on shares of Roblox from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Roblox from $38.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $44.40.

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.