Beacon Financial Group Sells 1,118 Shares of Roblox Co. (NYSE:RBLX)

Beacon Financial Group trimmed its position in shares of Roblox Co. (NYSE:RBLX) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,573 shares of the company’s stock after selling 1,118 shares during the quarter. Beacon Financial Group’s holdings in Roblox were worth $612,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Roblox in the 3rd quarter worth about $27,000. Frazier Financial Advisors LLC grew 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 acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc grew its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC grew its stake in Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares in the last quarter. Finally, Huntington National Bank grew 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 acquiring an additional 770 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RBLX shares. Citigroup upped their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Wedbush reiterated an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Morgan Stanley increased their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Barclays dropped 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 note on Friday, February 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $72.00 price objective (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Trading Down 2.8 %

NYSE RBLX opened at $64.18 on Thursday. The company has a fifty day simple moving average of $63.17 and a two-hundred day simple moving average of $51.20. The stock has a market cap of $38.99 billion, a P/E ratio of -44.26 and a beta of 1.46. 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 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last issued its earnings results 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 795.19%. On average, analysts forecast that Roblox Co. will post -1.4 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 3,601 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total transaction of $177,601.32. Following the sale, the chief accounting officer now owns 81,407 shares in the company, valued at approximately $4,014,993.24. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 25,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $52.34, for a total transaction of $1,308,500.00. Following the sale, the director now owns 5,731,695 shares in the company, valued at approximately $299,996,916.30. This represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,352,014 shares of company stock valued at $80,360,389 over the last 90 days. Insiders own 22.15% of the company’s stock.

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.