Roblox Corporation (NYSE:RBLX) Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 138.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,086 shares of the company's stock after buying an additional 80,804 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Roblox were worth $8,107,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Azzad Asset Management Inc. ADV bought a new position in Roblox during the 1st quarter worth $280,000. NorthCrest Asset Manangement LLC bought a new position in Roblox during the 1st quarter worth $710,000. Simon Quick Advisors LLC grew its stake in Roblox by 17.7% during the 1st quarter. Simon Quick Advisors LLC now owns 5,783 shares of the company's stock worth $337,000 after buying an additional 868 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Roblox by 1,294.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 641,913 shares of the company's stock worth $37,417,000 after buying an additional 595,895 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Roblox by 5.0% during the 1st quarter. Handelsbanken Fonder AB now owns 130,081 shares of the company's stock worth $7,582,000 after buying an additional 6,225 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Performance

Shares of NYSE RBLX opened at $104.76 on Wednesday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $71.05 billion, a price-to-earnings ratio of -78.18 and a beta of 1.56. The business's 50-day simple moving average is $81.43 and its 200-day simple moving average is $68.28. Roblox Corporation has a 52 week low of $34.62 and a 52 week high of $105.22.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The business 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 442.68% and a negative net margin of 22.94%. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.43) EPS. As a group, equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Roblox from $80.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 3rd. Wedbush reiterated a "hold" rating on shares of Roblox in a research report on Monday, June 16th. Wells Fargo & Company boosted their price target on Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Benchmark boosted their price target on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Roth Mkm boosted their price target on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $78.04.

Insider Buying and Selling at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $103.35, for a total transaction of $620,100.00. Following the sale, the insider now owns 319,223 shares of the company's stock, valued at approximately $32,991,697.05. This trade represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Baszucki sold 454,963 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $100.61, for a total value of $45,773,827.43. Following the transaction, the chief executive officer now owns 211,559 shares of the company's stock, valued at $21,284,950.99. This trade represents a 68.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,423,995 shares of company stock valued at $553,916,033 in the last 90 days. 12.92% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.