Benjamin Edwards Inc. Reduces Stock Holdings in Roblox Corporation $RBLX

Benjamin Edwards Inc. decreased its position in shares of Roblox Corporation (NYSE:RBLXFree Report) by 28.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,948 shares of the company’s stock after selling 8,875 shares during the period. Benjamin Edwards Inc.’s holdings in Roblox were worth $3,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RBLX. Total Investment Management Inc. purchased a new position in Roblox during the 2nd quarter valued at $29,000. ORG Partners LLC purchased a new stake in shares of Roblox during the second quarter valued at $33,000. Whipplewood Advisors LLC bought a new position in shares of Roblox in the second quarter worth about $34,000. Generali Asset Management SPA SGR purchased a new position in Roblox in the 2nd quarter worth about $40,000. Finally, Salomon & Ludwin LLC bought a new stake in Roblox during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Key Headlines Impacting Roblox

Here are the key news stories impacting Roblox this week:

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RBLX shares. Barclays lifted their price target on shares of Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. The Goldman Sachs Group upgraded Roblox from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $180.00 in a report on Friday, October 31st. Raymond James Financial reiterated an “outperform” rating and issued a $165.00 target price (up from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Macquarie raised their price target on Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Piper Sandler set a $130.00 price objective on shares of Roblox in a research note on Friday, October 31st. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.65.

View Our Latest Report on RBLX

Roblox Trading Down 0.9%

NYSE:RBLX opened at $73.23 on Friday. The company has a market capitalization of $47.95 billion, a P/E ratio of -51.21 and a beta of 1.64. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The firm has a fifty day simple moving average of $91.01 and a 200-day simple moving average of $112.70.

Roblox (NYSE:RBLXGet Free Report) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.Roblox’s revenue for the quarter was up 70.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.37) earnings per share. On average, equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In other Roblox news, insider Matthew D. Kaufman sold 20,867 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the completion of the transaction, the insider owned 239,775 shares of the company’s stock, valued at $23,042,377.50. This represents a 8.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 66,896 shares of Roblox stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $104.53, for a total transaction of $6,992,638.88. The SEC filing for this sale provides additional information. Insiders have sold a total of 497,300 shares of company stock worth $45,713,286 in the last ninety days. 12.92% of the stock is owned by corporate insiders.

About Roblox

(Free Report)

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.

See Also

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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