Beacon Financial Group trimmed its stake in shares of Roblox Co. (NYSE:RBLX – Free Report) by 9.0% in the first quarter, Holdings Channel.com reports. The firm owned 9,617 shares of the company’s stock after selling 956 shares during the quarter. Beacon Financial Group’s holdings in Roblox were worth $561,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its stake in shares of Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock valued at $1,873,000 after purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after buying an additional 195 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares during the period. Gordian Capital Singapore Pte Ltd grew its holdings in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company’s stock worth $32,000 after acquiring an additional 240 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after acquiring an additional 245 shares during the period. Institutional investors own 94.46% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on RBLX shares. Canaccord Genuity Group lifted their price target on shares of Roblox from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Moffett Nathanson downgraded Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. Macquarie upped their price target on Roblox from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Bank of America raised their price objective on Roblox from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Roblox in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.91.
Insider Buying and Selling at Roblox
In other news, CEO David Baszucki sold 34,099 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the completion of the sale, the chief executive officer now owns 221,983 shares in the company, valued at $12,664,130.15. The trade was a 13.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 21,200 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total value of $1,301,044.00. Following the sale, the director now owns 6,589,757 shares of the company’s stock, valued at approximately $404,413,387.09. This represents a 0.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,354,101 shares of company stock valued at $256,430,887. 12.92% of the stock is currently owned by company insiders.
Roblox Price Performance
Shares of RBLX opened at $94.10 on Friday. Roblox Co. has a 52-week low of $34.41 and a 52-week high of $94.68. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The business’s 50 day moving average price is $70.28 and its two-hundred day moving average price is $63.95. The firm has a market cap of $63.82 billion, a PE ratio of -64.89 and a beta of 1.56.
Roblox (NYSE:RBLX – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm earned ($0.43) earnings per share. The company’s revenue was up 30.6% compared to the same quarter last year. On average, equities analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.
About Roblox
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.
See Also
- Five stocks we like better than Roblox
- Which Wall Street Analysts are the Most Accurate?
- Is Meta Plotting a Stablecoin Comeback Years After Libra’s Flop?
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- Silver’s Options Sizzle: Are Traders Betting on a Breakout?
- 3 Stocks to Consider Buying in October
- AT&T: Is This Telecom Giant a Buy or a Bye for Your Portfolio?
Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Co. (NYSE:RBLX – Free Report).
Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.