Lindbrook Capital LLC Purchases 700 Shares of Roblox Co. (NYSE:RBLX)

Lindbrook Capital LLC raised its position in Roblox Co. (NYSE:RBLX) by 74.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,637 shares of the company’s stock after buying an additional 700 shares during the quarter. Lindbrook Capital LLC’s holdings in Roblox were worth $75,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Roblox by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock valued at $1,291,414,000 after buying an additional 10,025,779 shares during the period. Morgan Stanley boosted its stake in shares of Roblox by 13.7% in the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after purchasing an additional 4,927,848 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Roblox by 158.0% in the 3rd quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock valued at $265,035,000 after purchasing an additional 5,604,995 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Roblox by 20.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,145,602 shares of the company’s stock valued at $235,897,000 after purchasing an additional 1,368,347 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Roblox by 123.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,267,763 shares of the company’s stock valued at $94,634,000 after purchasing an additional 1,805,567 shares in the last quarter. 91.08% of the stock is owned by institutional investors.

Roblox Stock Performance

Roblox stock opened at $34.97 on Thursday. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20. The firm has a 50 day moving average price of $38.84 and a two-hundred day moving average price of $38.99.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. Roblox’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.48) EPS. As a group, equities research analysts forecast that Roblox Co. will post -2.1 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Wedbush raised their price target on shares of Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and raised their price target for the company from $41.00 to $48.00 in a research note on Tuesday. Roth Mkm raised their price target on shares of Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets raised their price target on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares in the company, valued at approximately $3,906,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Roblox news, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction on Friday, February 9th. The shares were sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the transaction, the chief executive officer now directly owns 1 shares of the company’s stock, valued at approximately $44.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the transaction, the chief accounting officer now directly owns 96,125 shares in the company, valued at $3,906,520. The disclosure for this sale can be found here. In the last 90 days, insiders sold 699,374 shares of company stock worth $29,183,298. 22.15% of the stock is owned by corporate insiders.

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.