4,598 Shares in Roblox Co. (NYSE:RBLX) Purchased by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in Roblox Co. (NYSE:RBLX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,598 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds have also recently modified their holdings of RBLX. V Square Quantitative Management LLC purchased a new stake in shares of Roblox during the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC increased 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 valued at $28,000 after purchasing an additional 624 shares during the last quarter. PARK CIRCLE Co bought a new stake in shares of Roblox during the 2nd quarter worth $30,000. GAMMA Investing LLC boosted its holdings in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after buying an additional 530 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its position in Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares during the period. Institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In related news, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total value of $620,750.00. Following the completion of the sale, the director now owns 9,662,103 shares in the company, valued at $461,365,418.25. The trade was a 0.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark Reinstra sold 17,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $45.58, for a total transaction of $774,860.00. Following the transaction, the insider now owns 327,009 shares in the company, valued at $14,905,070.22. The trade was a 4.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,290,601 shares of company stock worth $66,829,345 over the last three months. 22.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on RBLX shares. Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $65.00 in a research report on Monday, November 4th. Wells Fargo & Company upped their price objective on Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their target price on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Barclays upped their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Canaccord Genuity Group lifted their price objective on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.67.

Roblox Trading Up 0.2 %

Roblox stock opened at $58.91 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $61.77. The stock has a market cap of $35.79 billion, a P/E ratio of -35.92 and a beta of 1.50. The firm’s fifty day moving average price is $50.38 and its 200-day moving average price is $43.90.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company earned ($0.45) EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Roblox 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.