Private Advisor Group LLC Decreases Holdings in Roblox Corporation (NYSE:RBLX)

Private Advisor Group LLC lowered its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 4.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,068 shares of the company's stock after selling 2,272 shares during the period. Private Advisor Group LLC's holdings in Roblox were worth $2,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after purchasing an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Roblox in the 1st quarter valued at approximately $39,000. Colonial Trust Co SC purchased a new stake in Roblox in the 4th quarter valued at approximately $41,000. Finally, TD Private Client Wealth LLC purchased a new stake in Roblox in the 1st quarter valued at approximately $58,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Trading Up 0.6%

RBLX traded up $0.67 during trading on Friday, hitting $118.79. The company's stock had a trading volume of 5,550,984 shares, compared to its average volume of 8,101,534. The stock has a market cap of $80.57 billion, a PE ratio of -88.65 and a beta of 1.60. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm's 50 day moving average price is $100.68 and its 200-day moving average price is $76.47. Roblox Corporation has a twelve month low of $35.30 and a twelve month high of $127.99.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The business's revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.43) EPS. On average, analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 139,507 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the completion of the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $22,253,891.21. This represents a 39.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $103.89, for a total transaction of $6,856,740.00. Following the sale, the director directly owned 284,488 shares of the company's stock, valued at approximately $29,555,458.32. This trade represents a 18.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,651,690 shares of company stock worth $593,440,562 in the last ninety days. Insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on RBLX. BTIG Research lifted their price objective on Roblox from $73.00 to $124.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Barclays lifted their price objective on Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their price target on Roblox from $78.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, June 27th. Wedbush boosted their price target on Roblox from $110.00 to $142.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price target on Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $95.95.

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.