Kestra Private Wealth Services LLC Purchases Shares of 5,486 Roblox Co. (NYSE:RBLX)

Kestra Private Wealth Services LLC purchased a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,486 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors also recently modified their holdings of RBLX. Vanguard Group Inc. increased its holdings in shares of Roblox by 29.0% in the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock valued at $1,291,414,000 after buying an additional 10,025,779 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Roblox by 158.0% in the third quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock valued at $265,035,000 after buying an additional 5,604,995 shares in the last quarter. Morgan Stanley increased its holdings in shares of Roblox by 13.7% in the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after buying an additional 4,927,848 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Roblox by 123.5% in the third quarter. Artisan Partners Limited Partnership now owns 3,267,763 shares of the company’s stock valued at $94,634,000 after buying an additional 1,805,567 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Roblox by 20.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,145,602 shares of the company’s stock valued at $235,897,000 after buying an additional 1,368,347 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on RBLX. Needham & Company LLC upped their price target on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Wedbush increased their target price on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Stifel Nicolaus restated a “buy” rating and issued a $53.00 target price on shares of Roblox in a report on Monday, April 22nd. Benchmark restated a “buy” rating and issued a $50.00 target price on shares of Roblox in a report on Tuesday, April 23rd. Finally, The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and increased their target price for the company from $35.00 to $48.00 in a report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 200,000 shares of the stock in a transaction on 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 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 document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO David Baszucki sold 200,000 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total value of $456,040.00. Following the completion of the sale, the director now directly owns 9,747,603 shares in the company, valued at $341,945,913.24. The disclosure for this sale can be found here. Insiders have sold 712,374 shares of company stock valued at $29,639,338 over the last three months. 22.15% of the stock is currently owned by insiders.

Roblox Trading Down 3.7 %

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 company has a market capitalization of $24.65 billion, a price-to-earnings 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. The company’s fifty day moving average price is $38.03 and its two-hundred day moving average price is $39.45.

Roblox (NYSE:RBLX) last posted its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.05. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.48) earnings per share. On average, analysts forecast that Roblox Co. will post -2.09 earnings per share for the current fiscal year.

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.