Sequoia Financial Advisors LLC Takes $250,000 Position in Roblox Co. (NYSE:RBLX)

Sequoia Financial Advisors LLC purchased a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,325 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in shares of Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after buying an additional 15,333 shares during the period. Smith Group Asset Management LLC increased its stake in shares of Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after buying an additional 62,390 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Roblox during the fourth quarter worth approximately $363,000. Silicon Valley Capital Partners grew its stake in Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after purchasing an additional 66,882 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in Roblox by 320.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after purchasing an additional 1,971 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $71.00 target price on shares of Roblox in a research note on Tuesday. Barclays decreased their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Citigroup raised their target price on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price of $64.19.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the sale, the insider now directly owns 278,161 shares in the company, valued at $16,620,119.75. The trade was a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 950,466 shares of company stock worth $61,646,297 over the last ninety days. 22.15% of the stock is currently owned by company insiders.

Roblox Stock Performance

Shares of Roblox stock opened at $58.17 on Thursday. The business’s fifty day simple moving average is $63.63 and its 200 day simple moving average is $54.68. The firm has a market capitalization of $36.01 billion, a P/E ratio of -40.11 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. 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 (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

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.