Venturi Wealth Management LLC Has $71,000 Stock Position in Roblox Co. (NYSE:RBLX)

Venturi Wealth Management LLC grew its position in Roblox Co. (NYSE:RBLX) by 2,955.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,222 shares of the company’s stock after buying an additional 1,182 shares during the quarter. Venturi Wealth Management LLC’s holdings in Roblox were worth $71,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RBLX. International Assets Investment Management LLC lifted its position in shares of Roblox by 1,430.3% in the third quarter. International Assets Investment Management LLC now owns 84,271 shares of the company’s stock worth $3,730,000 after purchasing an additional 78,764 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Roblox by 853.1% in the third quarter. Assenagon Asset Management S.A. now owns 278,576 shares of the company’s stock worth $12,330,000 after purchasing an additional 249,347 shares in the last quarter. Forsta AP Fonden lifted its position in shares of Roblox by 10.7% in the third quarter. Forsta AP Fonden now owns 101,200 shares of the company’s stock worth $4,479,000 after purchasing an additional 9,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Roblox by 266.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 34,851 shares of the company’s stock worth $1,542,000 after purchasing an additional 25,333 shares in the last quarter. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of Roblox in the third quarter worth approximately $434,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of Roblox stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the sale, the chief accounting officer now owns 75,583 shares in the company, valued at $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 25,000 shares of Roblox stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $51.19, for a total transaction of $1,279,750.00. Following the sale, the director now owns 5,706,695 shares in the company, valued at $292,125,717.05. This represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,090,297 shares of company stock worth $67,514,814. Insiders own 22.15% of the company’s stock.

Roblox Trading Down 2.3 %

Shares of Roblox stock opened at $61.09 on Tuesday. The company’s fifty day simple moving average is $64.03 and its 200-day simple moving average is $52.74. The company has a market cap of $37.82 billion, a price-to-earnings ratio of -42.13 and a beta of 1.46. 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 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on RBLX shares. JPMorgan Chase & Co. increased their price target on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Citigroup raised their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. CICC Research assumed coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, Barclays cut their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.19.

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.