Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Roblox Co. (NYSE:RBLX)

Wealth Enhancement Advisory Services LLC grew its stake in Roblox Co. (NYSE:RBLX - Free Report) by 67.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,282 shares of the company's stock after buying an additional 23,431 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Roblox were worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds 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 fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares during the last quarter. Colonial Trust Co SC acquired a new position in shares of Roblox in the 4th quarter worth approximately $41,000. Parkside Financial Bank & Trust boosted its stake in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after buying an additional 633 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on RBLX. Benchmark increased their price target on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Macquarie boosted their target price on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Roth Mkm increased their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Bank of America lifted their price target on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Barclays upped their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an "equal weight" 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average target price of $74.91.

Roblox Price Performance

Shares of RBLX traded up $1.72 during mid-day trading on Friday, reaching $95.92. 10,269,725 shares of the stock traded hands, compared to its average volume of 7,819,826. The company has a market cap of $65.06 billion, a price-to-earnings ratio of -66.17 and a beta of 1.56. Roblox Co. has a 1 year low of $34.41 and a 1 year high of $96.24. The firm has a fifty day moving average price of $70.28 and a 200 day moving average price of $63.95. 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 data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company earned ($0.43) earnings per share. The firm's quarterly revenue was up 30.6% on a year-over-year basis. As a group, equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 34,099 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at approximately $12,664,130.15. This trade represents a 13.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 6,391 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total transaction of $515,498.06. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,354,101 shares of company stock valued at $256,430,887. 12.92% of the stock is owned by corporate insiders.

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.