First Trust Advisors LP Purchases 189,300 Shares of Roblox Corporation $RBLX

First Trust Advisors LP lifted its holdings in Roblox Corporation (NYSE:RBLX) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,561,604 shares of the company’s stock after acquiring an additional 189,300 shares during the quarter. First Trust Advisors LP owned approximately 0.39% of Roblox worth $354,833,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RBLX. NewEdge Advisors LLC increased its stake in shares of Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after buying an additional 231 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Roblox by 70.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after acquiring an additional 5,363 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Roblox by 74.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 117,031 shares of the company’s stock valued at $12,312,000 after acquiring an additional 50,087 shares in the last quarter. Atria Investments Inc acquired a new stake in Roblox in the 2nd quarter valued at about $217,000. Finally, Sigma Planning Corp bought a new position in shares of Roblox in the second quarter worth about $421,000. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Down 4.0%

NYSE:RBLX opened at $63.45 on Friday. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $41.98 billion, a P/E ratio of -40.94 and a beta of 1.62. The stock’s fifty day simple moving average is $72.09 and its 200-day simple moving average is $99.71.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company posted ($0.33) earnings per share. The firm’s revenue was up 122.6% on a year-over-year basis. Equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of research reports. Wall Street Zen lowered shares of Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Citigroup dropped their price objective on shares of Roblox from $152.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, February 6th. JPMorgan Chase & Co. reduced their price objective on Roblox from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Roth Mkm upgraded Roblox from a “neutral” rating to a “buy” rating and increased their price objective for the company from $78.00 to $84.00 in a research report on Monday, February 9th. Finally, Oppenheimer lowered their target price on Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.35.

Insider Activity at Roblox

In related news, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the transaction, the insider owned 307,263 shares of the company’s stock, valued at $22,322,656.95. This trade represents a 8.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Arvind Chakravarthy sold 40,646 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total transaction of $2,732,630.58. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 703,144 shares of company stock worth $51,681,640. 12.92% of the stock is owned by company insiders.

Roblox Company 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.