Wilmington Savings Fund Society FSB Purchases Shares of 12,039 Roblox Co. (NYSE:RBLX)

Wilmington Savings Fund Society FSB acquired a new position in shares of Roblox Co. (NYSE:RBLX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,039 shares of the company’s stock, valued at approximately $533,000.

Several other institutional investors also recently modified their holdings of RBLX. Toronto Dominion Bank lifted its stake in Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after purchasing an additional 15,333 shares during the last quarter. Entropy Technologies LP raised its holdings in shares of Roblox by 168.4% during the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after buying an additional 62,521 shares in the last quarter. Dragoneer Investment Group LLC raised its holdings in shares of Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Roblox by 12,971.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock worth $2,302,000 after buying an additional 51,626 shares during the last quarter. Finally, State Street Corp boosted its stake in Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after buying an additional 240,565 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Price Performance

RBLX stock opened at $61.46 on Tuesday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average price of $49.28 and a 200-day moving average price of $43.50. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $61.77. The firm has a market capitalization of $37.34 billion, a price-to-earnings ratio of -37.48 and a beta of 1.50.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business earned ($0.45) earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts forecast that Roblox Co. will post -1.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RBLX has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Macquarie lifted their target price on shares of Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup upped their price target on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Needham & Company LLC raised their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group boosted their target price on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at approximately $4,817,179.80. This represents a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Monday, October 7th. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00. Following the completion of the sale, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at approximately $14,643,026. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,457,267 shares of company stock valued at $74,422,648. 22.15% of the stock is owned by insiders.

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.