Wealthfront Advisers LLC Increases Stake in Roblox Co. (NYSE:RBLX)

Wealthfront Advisers LLC grew its stake in Roblox Co. (NYSE:RBLX - Free Report) by 74,400.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,335,594 shares of the company's stock after buying an additional 17,312,325 shares during the quarter. Roblox accounts for approximately 0.9% of Wealthfront Advisers LLC's portfolio, making the stock its 24th biggest position. Wealthfront Advisers LLC owned approximately 2.85% of Roblox worth $1,063,365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Frazier Financial Advisors LLC lifted its stake in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc lifted its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after buying an additional 239 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares during the last quarter. Huntington National Bank lifted its stake in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company's stock valued at $46,000 after buying an additional 770 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in Roblox by 33,875.0% in the third quarter. True Wealth Design LLC now owns 1,359 shares of the company's stock valued at $60,000 after buying an additional 1,355 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analyst Ratings Changes

RBLX has been the subject of a number of research reports. HSBC initiated coverage on Roblox in a research note on Thursday, December 12th. They issued a "buy" rating and a $63.00 price objective for the company. Barclays dropped their target price on Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group boosted their target price on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. Finally, OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $64.19.

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Roblox Stock Down 5.9 %

Roblox stock opened at $53.77 on Tuesday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market capitalization of $33.28 billion, a price-to-earnings ratio of -37.08 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The stock's fifty day moving average is $64.14 and its two-hundred day moving average is $54.14.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 665.98% and a negative net margin of 25.97%. Analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Baszucki sold 138,555 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares in the company, valued at approximately $9,260,537.62. This represents a 51.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was 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 of the company's stock, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 961,255 shares of company stock worth $62,394,678. 22.15% of the stock is owned by company insiders.

About Roblox

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.

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