International Assets Investment Management LLC Increases Stock Holdings in Roblox Co. (NYSE:RBLX)

International Assets Investment Management LLC grew its holdings in shares of Roblox Co. (NYSE:RBLX) by 1,430.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,271 shares of the company’s stock after purchasing an additional 78,764 shares during the quarter. International Assets Investment Management LLC’s holdings in Roblox were worth $3,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RBLX. Waldron Private Wealth LLC purchased a new stake in Roblox in the third quarter worth about $224,000. Signaturefd LLC increased its stake in shares of Roblox by 21.6% in 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. Kennicott Capital Management LLC raised its position in shares of Roblox by 13.1% during the 3rd quarter. Kennicott Capital Management LLC now owns 305,484 shares of the company’s stock valued at $13,521,000 after purchasing an additional 35,484 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Roblox by 195.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,852,131 shares of the company’s stock valued at $81,975,000 after buying an additional 1,226,072 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Roblox by 61.2% in the 3rd quarter. Blue Trust Inc. now owns 6,337 shares of the company’s stock worth $280,000 after buying an additional 2,406 shares during the period. Institutional investors own 91.08% of the company’s stock.

Analyst Ratings Changes

RBLX has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price objective on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James upped their target price on shares of Roblox from $51.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Wedbush reiterated an “outperform” rating and issued a $49.00 price target on shares of Roblox in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.55.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $51.44 on Friday. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $30.79 billion, a PE ratio of -29.91 and a beta of 1.60. The firm’s 50 day simple moving average is $43.67 and its 200-day simple moving average is $39.34. Roblox Co. has a one year low of $29.55 and a one year high of $52.65.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.45) EPS. As a group, equities analysts predict that Roblox Co. will post -1.58 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares of the company’s stock, valued at $14,543,253.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Anthony P. Lee sold 200,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total value of $10,066,000.00. Following the transaction, the director now directly owns 4,707,579 shares of the company’s stock, valued at approximately $236,932,451.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,543,253.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 979,341 shares of company stock worth $43,897,012. 22.15% of the stock is owned by corporate insiders.

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.