EverSource Wealth Advisors LLC Purchases 633 Shares of Roblox Co. (NYSE:RBLX)

EverSource Wealth Advisors LLC lifted its position in Roblox Co. (NYSE:RBLX) by 188.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 969 shares of the company’s stock after buying an additional 633 shares during the period. EverSource Wealth Advisors LLC’s holdings in Roblox were worth $56,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in Roblox during the 4th quarter worth about $250,000. Prosperity Wealth Management Inc. bought a new position in Roblox during the 4th quarter worth about $371,000. Wealthfront Advisers LLC increased its holdings in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. Independent Advisor Alliance increased its holdings in Roblox by 23.6% during the 4th quarter. Independent Advisor Alliance now owns 11,178 shares of the company’s stock worth $647,000 after purchasing an additional 2,132 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Roblox by 10.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 61,192 shares of the company’s stock worth $3,541,000 after purchasing an additional 5,953 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Trading Up 3.9 %

Shares of NYSE:RBLX opened at $58.17 on Thursday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The stock has a market cap of $36.01 billion, a PE ratio of -40.11 and a beta of 1.49. The business has a 50 day moving average of $63.63 and a 200-day moving average of $54.68. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity

In other news, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the sale, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the sale, the director now owns 6,254,137 shares of the company’s stock, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 950,466 shares of company stock worth $61,646,297. Corporate insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RBLX shares. Citigroup raised their price objective on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Macquarie raised their price objective on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Morgan Stanley raised their price objective on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, CICC Research started coverage on Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

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.