RWA Wealth Partners LLC Has $1.66 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

RWA Wealth Partners LLC increased its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,629 shares of the company's stock after acquiring an additional 5,046 shares during the quarter. RWA Wealth Partners LLC's holdings in Roblox were worth $1,656,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Schroder Investment Management Group lifted its position in Roblox by 19.3% during the fourth quarter. Schroder Investment Management Group now owns 596,038 shares of the company's stock worth $34,856,000 after acquiring an additional 96,397 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after purchasing an additional 4,406,885 shares during the period. Okabena Investment Services Inc. acquired a new stake in Roblox during the 4th quarter worth approximately $938,000. Allstate Corp bought a new stake in Roblox in the 4th quarter valued at $822,000. Finally, DnB Asset Management AS grew its holdings in Roblox by 7.4% in the 4th quarter. DnB Asset Management AS now owns 82,189 shares of the company's stock valued at $4,755,000 after buying an additional 5,629 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBLX. JPMorgan Chase & Co. lifted their target price on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Barclays cut their price objective on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. CICC Research initiated coverage on shares of Roblox in a report on Tuesday, January 14th. They set an "outperform" rating on the stock. Piper Sandler reiterated an "overweight" rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Citigroup raised their price objective on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.23.

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Insider Activity

In other news, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the transaction, the insider now directly owns 204,261 shares of the company's stock, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 926,466 shares of company stock valued at $60,212,297. Company insiders own 22.15% of the company's stock.

Roblox Trading Down 5.5 %

Shares of Roblox stock traded down $3.38 on Thursday, hitting $58.23. The stock had a trading volume of 6,556,835 shares, compared to its average volume of 7,823,535. The stock has a 50 day moving average of $62.88 and a 200 day moving average of $55.80. The firm has a market capitalization of $36.05 billion, a P/E ratio of -40.16 and a beta of 1.49. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal 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.