Axxcess Wealth Management LLC Decreases Stake in Roblox Co. (NYSE:RBLX)

Axxcess Wealth Management LLC decreased its holdings in Roblox Co. (NYSE:RBLX) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,906 shares of the company’s stock after selling 1,570 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Roblox were worth $747,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RBLX. Versant Capital Management Inc boosted its stake in shares of Roblox by 83.9% during 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. Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares in the last quarter. Rakuten Securities Inc. grew its holdings in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 633 shares in the last quarter. Finally, True Wealth Design LLC raised its stake in shares of Roblox by 33,875.0% during the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock worth $60,000 after buying an additional 1,355 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Price Performance

Shares of Roblox stock opened at $57.96 on Friday. The business’s fifty day moving average price is $63.55 and its 200 day moving average price is $54.70. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $35.87 billion, a P/E ratio of -39.97 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the sale, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 950,466 shares of company stock valued at $61,646,297 over the last 90 days. Corporate insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RBLX shares. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Macquarie raised their price objective on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. HSBC initiated coverage on Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price on the stock. Benchmark reissued a “buy” rating and set a $71.00 price target on shares of Roblox in a research report on Tuesday. Finally, Piper Sandler restated an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently 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.