IFP Advisors Inc Boosts Position in Roblox Co. (NYSE:RBLX)

IFP Advisors Inc raised its stake in shares of Roblox Co. (NYSE:RBLX) by 18.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,926 shares of the company’s stock after buying an additional 447 shares during the quarter. IFP Advisors Inc’s holdings in Roblox were worth $169,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the last quarter. Frazier Financial Advisors LLC increased its stake in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. Huntington National Bank increased its stake in Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares during the period. GAMMA Investing LLC increased its stake in Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Roblox by 2,955.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock worth $71,000 after purchasing an additional 1,182 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Citigroup lifted their price target on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lifted their price target on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Benchmark boosted their target price on Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Macquarie boosted their target price on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.19.

Roblox Price Performance

Shares of RBLX stock opened at $62.15 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The business’s fifty day moving average is $64.17 and its 200 day moving average is $53.53. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The stock has a market cap of $38.47 billion, a price-to-earnings ratio of -42.86 and a beta of 1.46.

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

Insiders Place Their Bets

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the sale, the insider now directly owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Guthrie sold 100,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $55.92, for a total value of $5,592,000.00. Following the transaction, the chief financial officer now directly owns 331,187 shares in the company, valued at approximately $18,519,977.04. The trade was a 23.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,136,535 shares of company stock valued at $70,589,814. 22.15% of the stock is currently owned by corporate insiders.

Roblox Company 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.