Capital Performance Advisors LLP Increases Stock Holdings in Roblox Co. (NYSE:RBLX)

Capital Performance Advisors LLP increased its stake in Roblox Co. (NYSE:RBLX) by 92.3% during the 4th quarter, Holdings Channel reports. The firm owned 4,343 shares of the company’s stock after purchasing an additional 2,085 shares during the quarter. Capital Performance Advisors LLP’s holdings in Roblox were worth $251,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank increased its position in shares of Roblox by 34.3% in 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. Smith Group Asset Management LLC increased its position in shares of Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Roblox in the fourth quarter worth approximately $363,000. Entropy Technologies LP increased its position in shares of Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after purchasing an additional 62,521 shares during the last quarter. Finally, Silicon Valley Capital Partners increased its position in shares of Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after purchasing an additional 66,882 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 6,054 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $311,357.22. Following the completion of the transaction, the chief accounting officer now owns 85,008 shares of the company’s stock, valued at approximately $4,371,961.44. This trade represents a 6.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Arvind Chakravarthy sold 14,269 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total value of $705,316.67. Following the transaction, the insider now directly owns 244,803 shares of the company’s stock, valued at $12,100,612.29. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,120,348 shares of company stock valued at $68,517,456. 22.15% of the stock is currently owned by company insiders.

Roblox Stock Performance

Shares of RBLX stock opened at $66.62 on Monday. The stock has a fifty day moving average of $63.45 and a 200 day moving average of $51.63. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The firm has a market capitalization of $40.48 billion, a price-to-earnings ratio of -45.95 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. As a group, research analysts expect that Roblox Co. will post -1.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RBLX. Citigroup upped their price objective on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC increased their price target on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Benchmark increased their price target on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Canaccord Genuity Group increased their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Macquarie increased their price target on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Company 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.