Private Advisor Group LLC Sells 2,920 Shares of Roblox Co. (NYSE:RBLX)

Private Advisor Group LLC cut its holdings in Roblox Co. (NYSE:RBLX) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 51,340 shares of the company’s stock after selling 2,920 shares during the period. Private Advisor Group LLC’s holdings in Roblox were worth $2,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Frazier Financial Advisors LLC grew its position in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the period. Huntington National Bank increased its stake in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after acquiring an additional 770 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after acquiring an additional 271 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Roblox by 2,955.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock worth $71,000 after acquiring an additional 1,182 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Down 2.3 %

Shares of NYSE:RBLX opened at $61.09 on Tuesday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The company has a market capitalization of $37.82 billion, a PE ratio of -42.13 and a beta of 1.46. The business has a fifty day moving average price of $64.03 and a two-hundred day moving average price of $52.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 25,000 shares of Roblox stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $51.19, for a total value of $1,279,750.00. Following the completion of the transaction, the director now owns 5,706,695 shares in the company, valued at $292,125,717.05. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,090,297 shares of company stock worth $67,514,814 in the last quarter. Insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. HSBC began coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. Citigroup upped their target price on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

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.