Resolute Advisors LLC Has $11.23 Million Stake in Roblox Co. (NYSE:RBLX)

Resolute Advisors LLC decreased its holdings in Roblox Co. (NYSE:RBLX) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 253,765 shares of the company’s stock after selling 11,636 shares during the period. Roblox makes up about 2.3% of Resolute Advisors LLC’s portfolio, making the stock its 5th biggest position. Resolute Advisors LLC’s holdings in Roblox were worth $11,232,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RBLX. V Square Quantitative Management LLC bought a new position in Roblox in the 3rd quarter valued at approximately $27,000. PARK CIRCLE Co bought a new position in shares of Roblox in the 2nd quarter valued at $30,000. GAMMA Investing LLC grew its position in Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares during the last quarter. Gilliland Jeter Wealth Management LLC grew its position in Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new position in Roblox in the first quarter valued at about $39,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Stock Performance

Shares of RBLX opened at $52.40 on Friday. The stock has a 50-day moving average of $44.47 and a 200-day moving average of $39.90. Roblox Co. has a one year low of $29.55 and a one year high of $54.07. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $31.84 billion, a PE ratio of -31.95 and a beta of 1.56.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, equities research analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Canaccord Genuity Group boosted their price target on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Benchmark upped their price target on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Citigroup boosted their price objective on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Needham & Company LLC raised their target price on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 12,000 shares of Roblox stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the transaction, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Mark Reinstra sold 12,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the sale, the insider now directly owns 342,656 shares of the company’s stock, valued at approximately $13,706,240. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the transaction, the director now directly owns 4,707,579 shares in the company, valued at $236,932,451.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,029,373 shares of company stock valued at $46,476,179. Corporate 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.