Toronto Dominion Bank Purchases 15,333 Shares of Roblox Co. (NYSE:RBLX)

Toronto Dominion Bank increased its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 34.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,092 shares of the company's stock after buying an additional 15,333 shares during the quarter. Toronto Dominion Bank's holdings in Roblox were worth $2,660,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Impact Partnership Wealth LLC increased its holdings in Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company's stock worth $298,000 after purchasing an additional 245 shares in the last quarter. Swedbank AB increased its stake in shares of Roblox by 0.5% in the second quarter. Swedbank AB now owns 53,297 shares of the company's stock valued at $1,983,000 after buying an additional 285 shares during the period. Metis Global Partners LLC raised its holdings in Roblox by 5.0% in the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company's stock valued at $266,000 after buying an additional 288 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Roblox by 5.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company's stock worth $296,000 after buying an additional 321 shares during the period. Finally, Atomi Financial Group Inc. grew its holdings in Roblox by 0.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company's stock worth $6,048,000 after acquiring an additional 380 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Up 3.1 %

RBLX stock traded up $1.86 during mid-day trading on Monday, reaching $61.46. 6,387,828 shares of the company traded hands, compared to its average volume of 7,657,695. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm's 50 day moving average price is $48.88 and its 200 day moving average price is $43.30. The stock has a market cap of $37.34 billion, a price-to-earnings ratio of -36.34 and a beta of 1.50. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $61.77.

Roblox (NYSE:RBLX - Get Free Report) last announced 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. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company had revenue of $919.00 million for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.45) earnings per share. Roblox's quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares of the company's stock, valued at $4,817,179.80. This represents a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manuel Bronstein sold 44,888 shares of Roblox stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the completion of the sale, the insider now directly owns 573,266 shares in the company, valued at $34,401,692.66. This trade represents a 7.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,457,267 shares of company stock worth $74,422,648 in the last quarter. 22.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RBLX shares. Needham & Company LLC lifted their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Benchmark increased their price target on Roblox from $44.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Macquarie lifted their price objective on Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Morgan Stanley raised shares of Roblox from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $38.00 to $65.00 in a research report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.67.

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.