Roblox Co. (NYSE:RBLX) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its holdings in shares of Roblox Co. (NYSE:RBLX) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,096 shares of the company’s stock after selling 133,373 shares during the period. Exchange Traded Concepts LLC owned about 0.08% of Roblox worth $26,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in Roblox during the third quarter worth $27,000. Frazier Financial Advisors LLC increased 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 period. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 239 shares during the period. GAMMA Investing LLC grew its holdings in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after buying an additional 770 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of analyst reports. BTIG Research boosted their price objective on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Macquarie increased their price objective on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. CICC Research initiated coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating for the company. Morgan Stanley lifted their price target on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group increased their price objective on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.48.

Roblox Stock Down 0.2 %

Shares of NYSE RBLX opened at $67.00 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a market capitalization of $40.71 billion, a PE ratio of -40.88 and a beta of 1.43. The firm has a fifty day moving average of $58.12 and a 200-day moving average of $48.35. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $67.43.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted ($0.45) EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

Insider Transactions at Roblox

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the transaction, the director now directly owns 6,254,137 shares of the company’s stock, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Reinstra sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the transaction, the insider now directly owns 281,161 shares of the company’s stock, valued at $18,269,841.78. This trade represents a 15.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,393,812 shares of company stock valued at $78,488,813. Corporate 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.