Toronto Dominion Bank Buys 4,384 Shares of Roblox Co. (NYSE:RBLX)

Toronto Dominion Bank boosted its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,476 shares of the company's stock after acquiring an additional 4,384 shares during the quarter. Toronto Dominion Bank's holdings in Roblox were worth $3,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Roblox by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock valued at $3,080,449,000 after purchasing an additional 462,450 shares during the last quarter. FMR LLC increased its stake in shares of Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC lifted its position in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. Ieq Capital LLC lifted its position in Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after buying an additional 3,507,901 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Roblox by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after acquiring an additional 246,610 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Trading Up 3.3%

NYSE:RBLX traded up $2.84 on Monday, reaching $89.82. The company's stock had a trading volume of 10,054,135 shares, compared to its average volume of 7,773,341. Roblox Co. has a 1-year low of $33.88 and a 1-year high of $89.99. The business's 50-day moving average price is $67.73 and its two-hundred day moving average price is $63.00. The firm has a market cap of $60.92 billion, a PE ratio of -61.95 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Roblox's revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.43) EPS. Equities research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total value of $347,940.00. Following the sale, the insider now owns 364,244 shares of the company's stock, valued at approximately $21,122,509.56. This trade represents a 1.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,391 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total value of $515,498.06. Following the completion of the sale, the chief accounting officer now owns 73,931 shares in the company, valued at $5,963,274.46. The trade was a 7.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,323,985 shares of company stock valued at $164,299,582 over the last quarter. Corporate insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RBLX. Roth Mkm upped their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. Barclays lifted their target price on Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Benchmark boosted their target price on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Canaccord Genuity Group raised their price target on Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 2nd. 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average target price of $70.86.

About Roblox

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.