Roblox Corporation (NYSE:RBLX) Shares Purchased by Kestra Private Wealth Services LLC

Key Points

• Kestra Private Wealth Services LLC increased its stake in Roblox Corporation by 73.7%, owning 8,688 shares and valued at approximately $506,000 as of their latest SEC filing.
• Various institutional investors have shown significant moves, including FMR LLC boosting its holdings by 89.4% and Arrowstreet Capital increasing by 1,084.2% in just the last quarter.
• Roblox reported a quarterly earnings result of $(0.32) EPS, surpassing analyst expectations, while revenue was up 30.6% year-over-year despite being below forecast, valued at $1.04 billion.

Kestra Private Wealth Services LLC boosted its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 73.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,688 shares of the company's stock after purchasing an additional 3,685 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Roblox were worth $506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RBLX. FMR LLC boosted its holdings in 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 purchasing an additional 18,715,837 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Roblox by 1,084.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after acquiring an additional 4,406,885 shares during the period. Durable Capital Partners LP acquired a new stake in shares of Roblox in the fourth quarter valued at approximately $246,560,000. Norges Bank acquired a new stake in shares of Roblox in the fourth quarter valued at approximately $167,211,000. Finally, Ninety One UK Ltd acquired a new stake in shares of Roblox in the first quarter valued at approximately $137,379,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Trading Up 0.6%

NYSE:RBLX opened at $118.79 on Friday. The stock has a fifty day moving average price of $100.68 and a two-hundred day moving average price of $76.37. The stock has a market capitalization of $80.57 billion, a price-to-earnings ratio of -88.65 and a beta of 1.60. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. Roblox Corporation has a 1 year low of $35.30 and a 1 year high of $127.99.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate 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 442.68% and a negative net margin of 22.94%. The business's revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.43) EPS. As a group, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RBLX shares. Bank of America increased their price objective on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Roth Mkm increased their price objective on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. BMO Capital Markets increased their price objective on Roblox from $95.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday. Needham & Company LLC reissued a "buy" rating on shares of Roblox in a report on Friday, May 2nd. Finally, Macquarie increased their price objective on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $95.95.

Insider Buying and Selling

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $118.51, for a total value of $711,060.00. Following the completion of the sale, the insider owned 307,223 shares in the company, valued at $36,408,997.73. The trade was a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 139,507 shares of Roblox stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $105.19, for a total value of $14,674,741.33. Following the completion of the sale, the chief executive officer owned 211,559 shares of the company's stock, valued at $22,253,891.21. This trade represents a 39.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,651,690 shares of company stock worth $593,440,562. 12.92% of the stock is owned by corporate insiders.

Roblox 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.

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