Roblox Co. (NYSE:RBLX) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Roblox Co. (NYSE:RBLX) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,015,344 shares of the company’s stock after purchasing an additional 117,515 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Roblox were worth $89,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its position in Roblox by 31.9% during the first quarter. Advisors Asset Management Inc. now owns 2,780 shares of the company’s stock valued at $106,000 after buying an additional 672 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Roblox by 22.7% during the 1st quarter. Janus Henderson Group PLC now owns 49,520 shares of the company’s stock valued at $1,890,000 after acquiring an additional 9,159 shares in the last quarter. California State Teachers Retirement System boosted its position in Roblox by 0.8% during the 1st quarter. California State Teachers Retirement System now owns 669,967 shares of the company’s stock worth $25,579,000 after purchasing an additional 5,621 shares during the period. Swedbank AB acquired a new stake in Roblox in the 1st quarter valued at $2,024,000. Finally, Cetera Advisors LLC raised its position in Roblox by 45.2% in the first quarter. Cetera Advisors LLC now owns 17,279 shares of the company’s stock valued at $660,000 after purchasing an additional 5,377 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Needham & Company LLC increased their price objective 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. Barclays boosted their price objective on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Wells Fargo & Company increased their target price on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. BTIG Research increased their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus price target of $55.30.

Insider Buying and Selling at Roblox

In related news, insider Manuel Bronstein sold 15,380 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $45.00, for a total transaction of $692,100.00. Following the transaction, the insider now owns 712,105 shares of the company’s stock, valued at approximately $32,044,725. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,013,607 shares of company stock worth $48,434,122. 22.15% of the stock is currently owned by company insiders.

Roblox Trading Up 0.6 %

NYSE:RBLX opened at $49.37 on Thursday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10. The stock has a fifty day simple moving average of $46.21 and a 200 day simple moving average of $41.27. The firm has a market capitalization of $29.99 billion, a price-to-earnings ratio of -30.10 and a beta of 1.56. 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 issued its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.45) earnings per share. Sell-side analysts forecast that Roblox Co. will post -1.56 earnings per share for the current 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.