Atlas Wealth LLC Makes New $289,000 Investment in Roblox Co. (NYSE:RBLX)

Atlas Wealth LLC purchased a new position in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RBLX. FMR LLC increased its holdings in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. State Street Corp increased its holdings in shares of Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after purchasing an additional 240,565 shares during the last quarter. Finally, ValueAct Holdings L.P. increased its holdings in shares of Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

RBLX has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Barclays decreased their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. CICC Research initiated coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating on the stock. Finally, Roth Mkm upped their price target on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 138,555 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the transaction, the chief executive officer now owns 129,301 shares in the company, valued at $9,260,537.62. This trade represents a 51.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the completion of the transaction, the chief financial officer now owns 395,465 shares of the company’s stock, valued at approximately $23,783,265.10. This trade represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 950,466 shares of company stock valued at $61,646,297. 22.15% of the stock is currently owned by insiders.

Roblox Stock Up 5.7 %

RBLX stock opened at $61.21 on Friday. The stock has a market capitalization of $37.89 billion, a P/E ratio of -42.21 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The firm has a 50-day moving average price of $63.54 and a 200-day moving average price of $54.82.

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