LPL Financial LLC Sells 3,291 Shares of Roblox Corporation (NYSE:RBLX)

LPL Financial LLC lowered its holdings in Roblox Corporation (NYSE:RBLX) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,015 shares of the company’s stock after selling 3,291 shares during the quarter. LPL Financial LLC’s holdings in Roblox were worth $6,996,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RBLX. Two Sigma Advisers LP raised its holdings in shares of Roblox by 23.7% in the 4th quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company’s stock worth $419,867,000 after buying an additional 1,391,800 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in Roblox by 95.8% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company’s stock worth $275,137,000 after acquiring an additional 2,326,588 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Roblox by 25.7% during the fourth quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company’s stock valued at $261,219,000 after acquiring an additional 921,822 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Roblox by 24.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,363,982 shares of the company’s stock valued at $252,501,000 after purchasing an additional 871,027 shares in the last quarter. Finally, Durable Capital Partners LP acquired a new stake in shares of Roblox in the 4th quarter valued at $246,560,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Price Performance

Roblox stock opened at $128.75 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The firm has a market capitalization of $83.05 billion, a P/E ratio of -90.03 and a beta of 1.63. The business has a 50-day moving average of $109.58 and a 200-day moving average of $81.00. Roblox Corporation has a 1 year low of $36.77 and a 1 year high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm’s revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.32) EPS. On average, equities analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 687,500 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the sale, the chief executive officer owned 211,559 shares of the company’s stock, valued at $18,610,845.23. This trade represents a 76.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 5,215,535 shares of company stock worth $500,468,909 in the last 90 days. Insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RBLX shares. Wells Fargo & Company lifted their price target on shares of Roblox from $116.00 to $153.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Barclays lifted their target price on shares of Roblox from $62.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. increased their price target on Roblox from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Macquarie raised their price target on Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Finally, BMO Capital Markets boosted their price objective on Roblox from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $117.59.

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.