International Assets Investment Management LLC Raises Position in Roblox Co. (NYSE:RBLX)

International Assets Investment Management LLC raised its stake in shares of Roblox Co. (NYSE:RBLX) by 3,188.8% during the fourth quarter, HoldingsChannel reports. The firm owned 84,719 shares of the company’s stock after buying an additional 82,143 shares during the quarter. International Assets Investment Management LLC’s holdings in Roblox were worth $3,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBLX. 1832 Asset Management L.P. purchased a new stake in shares of Roblox in the first quarter worth approximately $32,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Roblox in the fourth quarter worth approximately $25,000. High Net Worth Advisory Group LLC raised its holdings in shares of Roblox by 900.0% in the first quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock worth $46,000 after buying an additional 900 shares during the period. Blue Trust Inc. raised its holdings in shares of Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after buying an additional 912 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in shares of Roblox in the fourth quarter worth approximately $43,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RBLX. Benchmark reiterated a “buy” rating and issued a $46.00 price target on shares of Roblox in a report on Tuesday, January 23rd. Roth Mkm increased their price objective on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Finally, BMO Capital Markets increased their price objective on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.25.

Roblox Stock Performance

Shares of RBLX opened at $36.64 on Wednesday. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The stock has a fifty day moving average price of $39.86 and a 200-day moving average price of $38.79. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The firm has a market cap of $21.66 billion, a PE ratio of -19.59 and a beta of 1.64.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted ($0.48) EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities research analysts predict that Roblox Co. will post -2.1 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 3,777 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares in the company, valued at approximately $3,906,520. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the transaction, the chief accounting officer now owns 96,125 shares in the company, valued at approximately $3,906,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory Baszucki sold 8,333 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $41.17, for a total value of $343,069.61. Following the completion of the transaction, the director now owns 9,786,603 shares of the company’s stock, valued at approximately $402,914,445.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 703,707 shares of company stock worth $29,379,607. Insiders own 27.67% of the company’s stock.

About Roblox

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.