Vontobel Holding Ltd. Decreases Holdings in Roblox Co. (NYSE:RBLX)

Vontobel Holding Ltd. decreased its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,788 shares of the company's stock after selling 5,054 shares during the quarter. Vontobel Holding Ltd.'s holdings in Roblox were worth $740,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Frazier Financial Advisors LLC lifted its holdings in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after buying an additional 624 shares during the period. Versant Capital Management Inc lifted its holdings in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after buying an additional 239 shares during the period. Huntington National Bank raised its position in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company's stock worth $46,000 after acquiring an additional 770 shares in the last quarter. True Wealth Design LLC raised its position in shares of Roblox by 33,875.0% in the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company's stock worth $60,000 after acquiring an additional 1,355 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after acquiring an additional 271 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RBLX. Barclays dropped their price target on Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company upped their price target on Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Macquarie upped their price target on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. CICC Research began coverage on Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating on the stock. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $62.00 price target (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.19.

Insider Buying and Selling at Roblox

In other news, insider Arvind Chakravarthy sold 14,269 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total transaction of $705,316.67. Following the completion of the sale, the insider now owns 244,803 shares of the company's stock, valued at $12,100,612.29. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Manuel Bronstein sold 10,492 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $49.45, for a total transaction of $518,829.40. Following the sale, the insider now directly owns 618,154 shares of the company's stock, valued at approximately $30,567,715.30. The trade was a 1.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,069,697 shares of company stock worth $65,912,475. Insiders own 22.15% of the company's stock.

Roblox Stock Down 1.5 %

Shares of RBLX stock traded down $0.95 during trading hours on Thursday, hitting $62.69. 13,012,347 shares of the company's stock traded hands, compared to its average volume of 9,338,180. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The stock has a market cap of $38.09 billion, a price-to-earnings ratio of -43.24 and a beta of 1.46. The stock's fifty day simple moving average is $63.92 and its two-hundred day simple moving average is $52.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. On average, analysts expect 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.