Kestra Private Wealth Services LLC Grows Stock Holdings in Roblox Co. (NYSE:RBLX)

Kestra Private Wealth Services LLC boosted its holdings in shares of Roblox Co. (NYSE:RBLXGet Rating) by 54.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,871 shares of the company’s stock after acquiring an additional 2,067 shares during the period. Kestra Private Wealth Services LLC’s holdings in Roblox were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RBLX. Highlander Capital Management LLC purchased a new stake in Roblox in the first quarter valued at approximately $25,000. 1832 Asset Management L.P. purchased a new position in Roblox in the first quarter valued at $32,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Roblox in the first quarter worth about $33,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Roblox in the 4th quarter valued at about $34,000. Finally, Cornerstone Advisory LLC purchased a new position in Roblox during the fourth quarter worth approximately $34,000. 69.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent analyst reports. Needham & Company LLC decreased their target price on Roblox from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, September 16th. Bank of America boosted their price objective on Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 14th. BTIG Research lifted their price target on Roblox to $58.00 in a research note on Monday, August 15th. Cowen assumed coverage on Roblox in a report on Monday, September 12th. They issued an “underperform” rating and a $31.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Roblox from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Roblox currently has an average rating of “Hold” and a consensus target price of $43.78.

Roblox Trading Down 1.6 %

Shares of NYSE RBLX opened at $35.81 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $19.53 billion, a PE ratio of -37.69 and a beta of 1.89. Roblox Co. has a twelve month low of $21.65 and a twelve month high of $141.60. The stock has a fifty day simple moving average of $42.51 and a 200-day simple moving average of $38.62.

Roblox (NYSE:RBLXGet Rating) last released its earnings results on Tuesday, August 9th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.06). The firm had revenue of $639.90 million during the quarter, compared to analyst estimates of $625.43 million. Roblox had a negative net margin of 25.11% and a negative return on equity of 95.60%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.25) earnings per share. On average, equities analysts forecast that Roblox Co. will post -1.23 earnings per share for the current year.

Insider Buying and Selling at Roblox

In other news, major shareholder Han Kim sold 50,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $50.36, for a total value of $2,518,000.00. Following the sale, the insider now directly owns 1,404,233 shares in the company, valued at $70,717,173.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO David Baszucki sold 550,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $41.41, for a total value of $22,775,500.00. Following the sale, the chief executive officer now directly owns 1 shares in the company, valued at approximately $41.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Han Kim sold 50,000 shares of the business’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $50.36, for a total transaction of $2,518,000.00. Following the transaction, the insider now owns 1,404,233 shares of the company’s stock, valued at approximately $70,717,173.88. The disclosure for this sale can be found here. Insiders sold 709,960 shares of company stock valued at $30,377,942 in the last 90 days. Company insiders own 28.22% of the company’s stock.

Roblox Profile

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

Further Reading

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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