Roblox Co. (NYSE:RBLX) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lessened its stake in Roblox Co. (NYSE:RBLX - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,814 shares of the company's stock after selling 12,187 shares during the period. Whittier Trust Co.'s holdings in Roblox were worth $6,527,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RBLX. Toronto Dominion Bank lifted its holdings in shares of Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock worth $2,660,000 after acquiring an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC raised its position in Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Roblox during the fourth quarter worth about $363,000. Silicon Valley Capital Partners boosted its holdings in shares of Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after purchasing an additional 66,882 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after purchasing an additional 1,971 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

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Insider Buying and Selling at Roblox

In related news, insider Mark Reinstra sold 50,000 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the transaction, the insider now directly owns 281,161 shares in the company, valued at approximately $18,269,841.78. This represents a 15.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Manuel Bronstein sold 14,721 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.10, for a total transaction of $899,453.10. Following the completion of the sale, the insider now directly owns 598,929 shares of the company's stock, valued at approximately $36,594,561.90. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 926,466 shares of company stock worth $60,212,297 over the last quarter. Insiders own 22.15% of the company's stock.

Analysts Set New Price Targets

RBLX has been the topic of several recent research reports. Barclays reduced their target price on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a research note on Friday, February 7th. Roth Mkm lifted their price objective on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Piper Sandler restated an "overweight" rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Finally, Needham & Company LLC raised their price target on Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.19.

Roblox Price Performance

Shares of RBLX traded up $0.83 during mid-day trading on Tuesday, hitting $62.01. 4,740,591 shares of the stock were exchanged, compared to its average volume of 7,623,873. The firm has a 50-day moving average of $63.54 and a two-hundred day moving average of $55.11. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The company has a market cap of $38.38 billion, a PE ratio of -42.77 and a beta of 1.49. 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 issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping 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%. On average, equities analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

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.