Mackenzie Financial Corp Cuts Stock Holdings in Roblox Co. (NYSE:RBLX)

Mackenzie Financial Corp lowered its stake in shares of Roblox Co. (NYSE:RBLX) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,945 shares of the company’s stock after selling 1,762 shares during the quarter. Mackenzie Financial Corp’s holdings in Roblox were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Roblox during the fourth quarter worth $25,000. Blue Trust Inc. increased its position in shares of Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after acquiring an additional 912 shares during the period. Allworth Financial LP grew its stake in shares of Roblox by 90.2% during the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after purchasing an additional 587 shares in the last quarter. Impact Partnership Wealth LLC grew its stake in shares of Roblox by 23.4% during the third quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company’s stock worth $62,000 after purchasing an additional 403 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of Roblox by 1,058.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,614 shares of the company’s stock worth $105,000 after purchasing an additional 3,302 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total transaction of $146,760.00. Following the completion of the transaction, the insider now directly owns 359,453 shares of the company’s stock, valued at $13,188,330.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Roblox news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the transaction, the insider now directly owns 359,453 shares of the company’s stock, valued at $13,188,330.57. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 200,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1 shares of the company’s stock, valued at $44.15. The disclosure for this sale can be found here. Insiders sold 699,374 shares of company stock valued at $29,183,298 over the last ninety days. Corporate insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of NYSE:RBLX opened at $36.30 on Wednesday. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company has a 50-day simple moving average of $39.03 and a 200-day simple moving average of $39.01. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.48) earnings per share. As a group, equities research analysts forecast that Roblox Co. will post -2.1 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their target price on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. Benchmark reiterated a “buy” rating and set a $50.00 target price on shares of Roblox in a research note on Tuesday. JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $48.00 in a research note on Tuesday. Finally, The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

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.