Roblox Co. (NYSE:RBLX) Stock Holdings Decreased by Strategic Family Wealth Counselors L.L.C.

Strategic Family Wealth Counselors L.L.C. lowered its position in Roblox Co. (NYSE:RBLX - Free Report) by 47.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 261,386 shares of the company's stock after selling 239,291 shares during the quarter. Roblox comprises about 4.0% of Strategic Family Wealth Counselors L.L.C.'s portfolio, making the stock its 3rd largest position. Strategic Family Wealth Counselors L.L.C.'s holdings in Roblox were worth $11,569,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Roblox during the third quarter valued at $100,000. Principal Financial Group Inc. increased its position in Roblox by 308.2% during the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company's stock valued at $8,047,000 after purchasing an additional 137,267 shares during the period. Gulf International Bank UK Ltd raised its holdings in shares of Roblox by 8.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company's stock valued at $1,667,000 after purchasing an additional 2,932 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Roblox by 724.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 804,488 shares of the company's stock worth $35,607,000 after purchasing an additional 706,939 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Roblox by 94.4% during the third quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company's stock valued at $815,000 after purchasing an additional 8,939 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Roblox Trading Down 1.3 %

Shares of NYSE RBLX traded down $0.71 during trading on Friday, hitting $52.40. 8,160,448 shares of the company were exchanged, compared to its average volume of 7,488,194. The company has a fifty day moving average price of $44.30 and a 200-day moving average price of $39.77. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $31.84 billion, a PE ratio of -32.01 and a beta of 1.56. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $54.07.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts' consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. Roblox's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.45) earnings per share. As a group, equities research analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Analyst Ratings Changes

RBLX has been the subject of a number of analyst reports. 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. JPMorgan Chase & Co. raised their price objective on Roblox from $51.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. 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 report on Friday, November 1st. Wolfe Research started coverage on Roblox in a research report on Tuesday, July 16th. They issued a "peer perform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $55.30.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 4,933 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 99,617 shares of the company's stock, valued at approximately $4,019,545.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO David Baszucki sold 6,499 shares of the business's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $262,234.65. Following the sale, the chief executive officer now owns 135,761 shares in the company, valued at approximately $5,477,956.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at approximately $4,019,545.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,029,373 shares of company stock worth $46,476,179. Company insiders own 22.15% of the company's stock.

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.