International Assets Investment Management LLC Purchases 82,143 Shares of Roblox Co. (NYSE:RBLX)

International Assets Investment Management LLC boosted its position in Roblox Co. (NYSE:RBLX) by 3,188.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of RBLX. Blue Trust Inc. grew its holdings in shares of Roblox by 566.5% in the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after acquiring an additional 912 shares in the last quarter. Allworth Financial LP increased its position in shares of Roblox by 90.2% during the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after purchasing an additional 587 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Roblox by 1,058.3% during the 3rd 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. Signaturefd LLC raised its stake in shares of Roblox by 9.3% during the 3rd quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock worth $119,000 after purchasing an additional 352 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Roblox by 7.8% in the 4th quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after buying an additional 320 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling

In other news, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1 shares in the company, valued at approximately $44.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at $3,906,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00. Following the completion of the transaction, the chief executive officer now owns 1 shares in the company, valued at approximately $44.09. The disclosure for this sale can be found here. Insiders sold 512,374 shares of company stock valued at $20,809,338 over the last quarter. 22.15% of the stock is owned by company insiders.

Roblox Trading Down 22.1 %

Shares of NYSE:RBLX opened at $30.42 on Friday. The business’s 50 day simple moving average is $38.00 and its 200 day simple moving average is $39.45. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20. 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 $19.21 billion, a P/E ratio of -15.96 and a beta of 1.63.

Roblox (NYSE:RBLX) last released its 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 company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. Roblox’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.48) EPS. On average, research analysts anticipate that Roblox Co. will post -2.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RBLX shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 price target on shares of Roblox in a research report on Monday, April 22nd. Needham & Company LLC lifted their price target on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $26.00 to $46.00 in a research note on Thursday, February 8th. Benchmark reissued a “buy” rating and set a $50.00 target price on shares of Roblox in a report on Tuesday, April 23rd. Finally, Wedbush raised their price target on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Four 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.