Roblox Co. (NYSE:RBLX) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC grew its position in Roblox Co. (NYSE:RBLX) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,592,623 shares of the company’s stock after acquiring an additional 3,507,901 shares during the period. Roblox comprises approximately 9.3% of Ieq Capital LLC’s investment portfolio, making the stock its biggest position. Ieq Capital LLC owned approximately 2.73% of Roblox worth $960,049,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Creative Planning increased its stake in shares of Roblox by 6.2% during the third quarter. Creative Planning now owns 138,247 shares of the company’s stock worth $6,119,000 after purchasing an additional 8,097 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Roblox by 61.2% during the third quarter. Blue Trust Inc. now owns 6,337 shares of the company’s stock worth $280,000 after purchasing an additional 2,406 shares in the last quarter. Signaturefd LLC increased its stake in shares of Roblox by 21.6% during the third quarter. Signaturefd LLC now owns 5,900 shares of the company’s stock worth $261,000 after purchasing an additional 1,047 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of Roblox during the third quarter worth about $224,000. Finally, International Assets Investment Management LLC increased its stake in shares of Roblox by 1,430.3% during the third quarter. International Assets Investment Management LLC now owns 84,271 shares of the company’s stock worth $3,730,000 after purchasing an additional 78,764 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 3,601 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the transaction, the chief accounting officer now directly owns 81,407 shares of the company’s stock, valued at $4,014,993.24. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Reinstra sold 19,525 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the completion of the transaction, the insider now directly owns 339,206 shares in the company, valued at $22,367,243.64. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,069,697 shares of company stock valued at $65,912,475. Insiders own 22.15% of the company’s stock.

Roblox Trading Down 3.7 %

Shares of NYSE:RBLX opened at $63.65 on Thursday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company’s 50 day moving average is $63.92 and its two-hundred day moving average is $52.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market cap of $38.67 billion, a PE ratio of -43.89 and a beta of 1.46.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. Equities analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upped their price objective 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. The Goldman Sachs Group upped their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. CICC Research assumed coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average price target of $64.19.

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.