Toronto Dominion Bank Boosts Stake in Roblox Co. (NYSE:RBLX)

Toronto Dominion Bank increased its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,476 shares of the company's stock after buying an additional 4,384 shares during the quarter. Toronto Dominion Bank's holdings in Roblox were worth $3,731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in Roblox by 38.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,507 shares of the company's stock valued at $1,476,000 after purchasing an additional 7,103 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Roblox in the 4th quarter valued at approximately $202,000. KBC Group NV boosted its holdings in Roblox by 15.0% in the 4th quarter. KBC Group NV now owns 74,332 shares of the company's stock valued at $4,300,000 after purchasing an additional 9,699 shares in the last quarter. R Squared Ltd purchased a new stake in Roblox in the 4th quarter valued at approximately $84,000. Finally, Swedbank AB boosted its holdings in Roblox by 117.1% in the 4th quarter. Swedbank AB now owns 141,799 shares of the company's stock valued at $8,204,000 after purchasing an additional 76,497 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Trading Up 1.3%

Shares of RBLX stock traded up $1.14 on Wednesday, reaching $91.09. 6,555,395 shares of the stock were exchanged, compared to its average volume of 7,772,491. The stock has a market cap of $61.78 billion, a P/E ratio of -62.82 and a beta of 1.56. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a 50 day moving average of $69.56 and a two-hundred day moving average of $63.65. Roblox Co. has a 1-year low of $34.41 and a 1-year high of $91.96.

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 665.98% and a negative net margin of 25.97%. 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, research analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In related news, insider Manuel Bronstein sold 24,335 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $90.00, for a total transaction of $2,190,150.00. Following the completion of the sale, the insider now directly owns 495,284 shares of the company's stock, valued at approximately $44,575,560. This represents a 4.68% 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, CEO David Baszucki sold 1,375,002 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the sale, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at approximately $16,024,952.77. This trade represents a 86.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,327,303 shares of company stock worth $254,013,707 in the last ninety days. Insiders own 12.92% of the company's stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of analyst reports. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. BMO Capital Markets reissued an "outperform" rating and set a $95.00 price target (up previously from $82.00) on shares of Roblox in a research note on Friday, May 30th. Citigroup restated a "buy" rating and set a $100.00 price objective (up from $85.00) on shares of Roblox in a research report on Thursday, May 29th. Oppenheimer lifted their price objective on Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, FBN Securities assumed coverage on Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $72.14.

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.