Wilmington Savings Fund Society FSB Takes Position in Roblox Co. (NYSE:RBLX)

Wilmington Savings Fund Society FSB acquired a new position in Roblox Co. (NYSE:RBLX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,039 shares of the company's stock, valued at approximately $533,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Roblox by 1,836.5% during the 2nd quarter. Blue Trust Inc. now owns 3,931 shares of the company's stock valued at $150,000 after buying an additional 3,728 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Roblox by 44.9% in the second quarter. First Horizon Advisors Inc. now owns 2,593 shares of the company's stock worth $96,000 after purchasing an additional 804 shares during the last quarter. SOL Capital Management CO boosted its stake in Roblox by 4.1% during the second quarter. SOL Capital Management CO now owns 87,997 shares of the company's stock valued at $3,274,000 after buying an additional 3,477 shares during the last quarter. Unique Wealth Strategies LLC purchased a new position in Roblox during the 2nd quarter valued at approximately $96,000. Finally, Gilliland Jeter Wealth Management LLC increased its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock worth $37,000 after acquiring an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RBLX shares. Benchmark boosted their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Citigroup lifted their price objective on shares of Roblox from $53.00 to $63.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Piper Sandler raised their target price on shares of Roblox from $54.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Raymond James reissued a "strong-buy" rating and set a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Finally, Macquarie increased their target price on Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.67.

Insiders Place Their Bets

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the sale, the chief accounting officer now owns 91,062 shares in the company, valued at $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Manuel Bronstein sold 44,888 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the completion of the transaction, the insider now owns 573,266 shares in the company, valued at approximately $34,401,692.66. This trade represents a 7.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,457,267 shares of company stock valued at $74,422,648. Insiders own 22.15% of the company's stock.

Roblox Stock Down 0.3 %

RBLX traded down $0.20 during trading on Tuesday, hitting $61.25. The stock had a trading volume of 5,017,256 shares, compared to its average volume of 7,646,841. The stock has a 50 day simple moving average of $49.28 and a two-hundred day simple moving average of $43.50. The company has a market capitalization of $37.21 billion, a PE ratio of -36.87 and a beta of 1.50. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $61.77.

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