United Capital Financial Advisors LLC Buys New Stake in Roblox Co. (NYSE:RBLX)

United Capital Financial Advisors LLC acquired a new stake in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,479 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBLX. Virtu Financial LLC acquired a new stake in shares of Roblox during the 3rd quarter worth about $2,341,000. World Investment Advisors LLC acquired a new stake in shares of Roblox during the third quarter worth $204,000. Wilmington Savings Fund Society FSB purchased a new stake in Roblox in the 3rd quarter valued at about $533,000. Principal Financial Group Inc. raised its position in shares of Roblox by 308.2% in the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after buying an additional 137,267 shares during the period. Finally, Versant Capital Management Inc grew its stake in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Trading Up 3.7 %

Shares of RBLX stock opened at $62.10 on Wednesday. The firm has a market capitalization of $39.03 billion, a PE ratio of -42.83 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The stock has a fifty day moving average of $59.12 and a two-hundred day moving average of $57.04.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (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 665.98%. As a group, research analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on RBLX. The Goldman Sachs Group boosted their price objective on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Wedbush restated an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. FBN Securities started coverage on Roblox in a research report on Friday, March 28th. They issued a “sector perform” rating and a $65.00 target price for the company. Finally, Citigroup boosted their price target on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $64.50.

Insider Activity at Roblox

In other news, CEO David Baszucki sold 229,167 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the completion of the transaction, the chief executive officer now owns 221,983 shares in the company, valued at approximately $11,649,667.84. This trade represents a 50.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Reinstra sold 19,525 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the completion of the sale, the insider now owns 339,206 shares in the company, valued at $22,367,243.64. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 902,954 shares of company stock worth $55,354,971 over the last quarter. 22.15% of the stock is currently owned by company 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.