Dynasty Wealth Management LLC Buys New Holdings in Roblox Corporation $RBLX

Dynasty Wealth Management LLC purchased a new position in shares of Roblox Corporation (NYSE:RBLX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,575 shares of the company’s stock, valued at approximately $1,603,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after acquiring an additional 1,513,608 shares during the period. SG Americas Securities LLC increased its stake in Roblox by 298.4% in the 3rd quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock valued at $45,617,000 after purchasing an additional 246,652 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Roblox during the second quarter worth $120,041,000. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Roblox during the third quarter worth $2,895,000. Finally, Moody Lynn & Lieberson LLC purchased a new stake in Roblox during the second quarter worth $2,779,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RBLX shares. Wells Fargo & Company cut their price target on Roblox from $141.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Roth Capital restated a “neutral” rating and set a $146.00 target price on shares of Roblox in a research report on Friday, October 17th. Barclays upped their price target on shares of Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Morgan Stanley dropped their price objective on shares of Roblox from $170.00 to $155.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Finally, B. Riley started coverage on Roblox in a research note on Tuesday, December 9th. They issued a “buy” rating and a $125.00 target price on the stock. Seventeen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $132.96.

Roblox Price Performance

Shares of Roblox stock opened at $78.83 on Wednesday. The business’s fifty day moving average price is $88.02 and its 200 day moving average price is $111.76. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of $51.62 billion, a P/E ratio of -55.13 and a beta of 1.64.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted ($0.37) EPS. The company’s quarterly revenue was up 70.3% compared to the same quarter last year. As a group, research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity

In related news, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the completion of the sale, the director directly owned 266,008 shares of the company’s stock, valued at approximately $27,683,452.56. This represents a 19.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 20,867 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $96.10, for a total value of $2,005,318.70. Following the completion of the transaction, the insider directly owned 239,775 shares in the company, valued at $23,042,377.50. This trade represents a 8.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 504,300 shares of company stock valued at $46,290,436 over the last quarter. 12.92% of the stock is owned by insiders.

Roblox Profile

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.