Strategic Family Wealth Counselors L.L.C. Trims Holdings in Roblox Co. (NYSE:RBLX)

Strategic Family Wealth Counselors L.L.C. lessened its position in Roblox Co. (NYSE:RBLX) by 47.8% in the 3rd quarter, Holdings Channel reports. The firm owned 261,386 shares of the company’s stock after selling 239,291 shares during the period. Roblox accounts for approximately 4.0% of Strategic Family Wealth Counselors L.L.C.’s investment portfolio, making the stock its 3rd biggest holding. Strategic Family Wealth Counselors L.L.C.’s holdings in Roblox were worth $11,569,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Roblox during the third quarter worth about $100,000. Principal Financial Group Inc. increased its stake in Roblox by 308.2% during the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after purchasing an additional 137,267 shares in the last quarter. Gulf International Bank UK Ltd raised its holdings in Roblox by 8.4% during the 3rd quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company’s stock worth $1,667,000 after buying an additional 2,932 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Roblox by 724.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 804,488 shares of the company’s stock valued at $35,607,000 after buying an additional 706,939 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Roblox by 94.4% in the third quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock valued at $815,000 after buying an additional 8,939 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on RBLX. Wolfe Research assumed coverage on shares of Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Citigroup lifted their target price on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Roth Mkm lifted their price objective on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, BTIG Research increased their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Roblox Stock Performance

RBLX traded up $0.27 during trading hours on Friday, reaching $53.38. The company’s stock had a trading volume of 1,627,413 shares, compared to its average volume of 7,458,099. The company’s 50-day moving average is $44.11 and its 200-day moving average is $39.68. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $54.07. The firm has a market cap of $32.43 billion, a PE ratio of -32.38 and a beta of 1.56. 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 (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.45) EPS. On average, equities analysts forecast that Roblox Co. will post -1.58 EPS for the current year.

Insider Activity

In related news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the transaction, the chief financial officer now directly owns 374,633 shares in the company, valued at $14,543,253.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Anthony P. Lee sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total value of $10,066,000.00. Following the completion of the transaction, the director now owns 4,707,579 shares of the company’s stock, valued at $236,932,451.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the sale, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,543,253.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,029,373 shares of company stock worth $46,476,179. Corporate insiders own 22.15% of the company’s stock.

About Roblox

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.