Advisors Asset Management Inc. raised its stake in Roblox Co. (NYSE:RBLX – Get Rating) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,708 shares of the company’s stock after purchasing an additional 732 shares during the period. Advisors Asset Management Inc.’s holdings in Roblox were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Baillie Gifford & Co. grew its holdings in Roblox by 88.5% during the 2nd quarter. Baillie Gifford & Co. now owns 14,783,016 shares of the company’s stock worth $485,770,000 after acquiring an additional 6,941,347 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Roblox by 39.4% during the first quarter. Vanguard Group Inc. now owns 16,084,809 shares of the company’s stock worth $743,762,000 after purchasing an additional 4,546,253 shares in the last quarter. Capital World Investors purchased a new position in Roblox in the first quarter valued at $100,377,000. Coatue Management LLC raised its stake in Roblox by 61.7% in the first quarter. Coatue Management LLC now owns 4,792,393 shares of the company’s stock valued at $221,600,000 after buying an additional 1,829,172 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Roblox by 57.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,824,717 shares of the company’s stock worth $158,540,000 after buying an additional 1,759,384 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on RBLX shares. DA Davidson dropped their price objective on Roblox from $55.00 to $50.00 in a report on Thursday, November 10th. Stifel Nicolaus cut their price objective on shares of Roblox from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, October 18th. Morgan Stanley upped their target price on shares of Roblox from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, October 18th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Roblox from $52.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, November 14th. Finally, Piper Sandler decreased their price objective on shares of Roblox from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, November 9th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.96.
Insider Buying and Selling at Roblox
Roblox Trading Down 3.0 %
NYSE RBLX opened at $30.77 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $16.91 billion, a P/E ratio of -23.31 and a beta of 1.87. Roblox Co. has a 52-week low of $21.65 and a 52-week high of $141.60. The firm has a 50-day moving average price of $39.04 and a 200 day moving average price of $37.55.
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.
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