NewSquare Capital LLC Has $6.71 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

NewSquare Capital LLC increased its position in Roblox Co. (NYSE:RBLX - Free Report) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,121 shares of the company's stock after purchasing an additional 3,065 shares during the quarter. NewSquare Capital LLC's holdings in Roblox were worth $6,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after buying an additional 462,450 shares during the last quarter. FMR LLC boosted its holdings in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after buying an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in Roblox by 74,400.8% during the fourth 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 during the last quarter. Ieq Capital LLC boosted its holdings in Roblox by 26.8% during the fourth 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 during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Roblox by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after buying an additional 246,610 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Down 1.3%

Shares of NYSE:RBLX traded down $1.21 during trading on Thursday, hitting $94.96. 8,669,756 shares of the company were exchanged, compared to its average volume of 7,897,800. The stock has a market cap of $64.41 billion, a price-to-earnings ratio of -65.49 and a beta of 1.56. Roblox Co. has a fifty-two week low of $34.41 and a fifty-two week high of $98.11. The firm has a fifty day moving average price of $73.18 and a two-hundred day moving average price of $65.16. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.43) EPS. As a group, research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent analyst reports. Citigroup restated a "buy" rating and set a $100.00 target price (up previously from $85.00) on shares of Roblox in a report on Thursday, May 29th. Macquarie raised their target price on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. BMO Capital Markets reiterated an "outperform" rating and issued a $95.00 price objective (up from $82.00) on shares of Roblox in a research report on Friday, May 30th. Morgan Stanley dropped their target price on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Benchmark upped their price target on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus price target of $76.09.

Insider Activity

In related news, CEO David Baszucki sold 1,375,002 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at approximately $16,024,952.77. The trade was a 86.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $58.79, for a total value of $2,939,500.00. Following the transaction, the chief financial officer now directly owns 516,434 shares in the company, valued at $30,361,154.86. The trade was a 8.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,227,124 shares of company stock valued at $432,474,423 over the last three months. Insiders own 12.92% of the company's stock.

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.