First Trust Direct Indexing L.P. Makes New Investment in Roblox Co. (NYSE:RBLX)

First Trust Direct Indexing L.P. bought a new position in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,581 shares of the company’s stock, valued at approximately $209,000.

Several other large investors have also added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its stake in Roblox by 7.8% in the 4th quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after purchasing an additional 320 shares during the period. Signaturefd LLC boosted its stake in Roblox by 9.3% in the 3rd quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock worth $119,000 after purchasing an additional 352 shares during the period. Sepio Capital LP boosted its stake in Roblox by 3.0% in the 3rd quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock worth $374,000 after purchasing an additional 382 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Roblox by 0.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock valued at $4,297,000 after acquiring an additional 458 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Roblox during the 4th quarter valued at about $25,000. Institutional investors own 91.08% of the company’s stock.

Roblox Price Performance

Shares of Roblox stock opened at $39.02 on Thursday. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50 day simple moving average is $38.03 and its two-hundred day simple moving average is $39.45. The stock has a market capitalization of $24.65 billion, a P/E ratio of -20.87 and a beta of 1.63. Roblox Co. has a one year low of $24.88 and a one year high of $47.20.

Roblox (NYSE:RBLX) last posted its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (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 for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned ($0.48) earnings per share. The business’s revenue was up 25.3% compared to the same quarter last year. Analysts forecast that Roblox Co. will post -2.09 EPS for the current year.

Insider Activity

In other news, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the transaction, the chief executive officer now directly owns 1 shares of the company’s stock, valued at $44.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Roblox news, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00. Following the sale, the chief executive officer now directly owns 1 shares of the company’s stock, valued at $44.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 3,777 shares of the business’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 sale, the chief accounting officer now directly owns 96,125 shares in the company, valued at $3,906,520. The disclosure for this sale can be found here. Over the last three months, insiders have sold 712,374 shares of company stock valued at $29,639,338. Company insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RBLX. Benchmark reiterated a “buy” rating and set a $50.00 price target on shares of Roblox in a research report on Tuesday, April 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $53.00 price target on shares of Roblox in a research report on Monday, April 22nd. Roth Mkm reiterated a “buy” rating and set a $55.00 price target on shares of Roblox in a research report on Wednesday, May 1st. Wedbush raised their price objective on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $26.00 to $46.00 in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.60.

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.