FRG Family Wealth Advisors LLC Purchases Shares of 3,150 Roblox Corporation $RBLX

FRG Family Wealth Advisors LLC purchased a new stake in Roblox Corporation (NYSE:RBLX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,150 shares of the company’s stock, valued at approximately $331,000.

Several other institutional investors also recently modified their holdings of RBLX. AQR Capital Management LLC increased its holdings in shares of Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after buying an additional 6,007,322 shares in the last quarter. Vanguard Group Inc. raised its stake in Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares during the period. Ninety One UK Ltd acquired a new stake in Roblox during the 1st quarter valued at $137,379,000. Ieq Capital LLC raised its stake in Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Roblox by 210.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company’s stock valued at $189,840,000 after purchasing an additional 2,207,897 shares during the period. Institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wolfe Research raised shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research note on Friday, August 22nd. Roth Capital reissued a “neutral” rating and set a $146.00 target price on shares of Roblox in a research note on Friday, October 17th. Benchmark boosted their target price on shares of Roblox from $77.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Roblox in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group boosted their target price on shares of Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.22.

Insider Transactions at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total value of $810,120.00. Following the completion of the sale, the insider directly owned 272,642 shares in the company, valued at approximately $36,812,122.84. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 875 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total transaction of $110,880.00. Following the completion of the sale, the chief executive officer owned 211,559 shares of the company’s stock, valued at $26,808,756.48. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 366,876 shares of company stock valued at $47,485,929 in the last three months. 12.92% of the stock is currently owned by company insiders.

Roblox Trading Up 1.7%

Shares of NYSE:RBLX opened at $133.92 on Thursday. The stock has a market capitalization of $86.38 billion, a PE ratio of -93.65 and a beta of 1.63. Roblox Corporation has a 1 year low of $42.36 and a 1 year high of $150.59. The firm has a fifty day moving average price of $130.52 and a 200 day moving average price of $108.57. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.32) earnings per share. Analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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.