Vontobel Holding Ltd. Buys 6,435 Shares of Roblox Corporation (NYSE:RBLX)

Vontobel Holding Ltd. raised its position in Roblox Corporation (NYSE:RBLX - Free Report) by 50.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,223 shares of the company's stock after acquiring an additional 6,435 shares during the period. Vontobel Holding Ltd.'s holdings in Roblox were worth $1,121,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Gordian Capital Singapore Pte Ltd increased its position in shares of 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. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Roblox in the first quarter valued at approximately $39,000. Colonial Trust Co SC bought a new stake in Roblox during the fourth quarter worth $41,000. Rakuten Securities Inc. lifted its stake in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 139,507 shares of Roblox stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $22,253,891.21. The trade was a 39.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $103.35, for a total value of $620,100.00. Following the completion of the transaction, the insider owned 319,223 shares in the company, valued at $32,991,697.05. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,639,690 shares of company stock worth $592,114,022. 12.92% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on RBLX shares. The Goldman Sachs Group raised their target price on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of Roblox from $78.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, June 27th. Benchmark boosted their price target on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Barclays upped their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.52.

Roblox Trading Down 3.9%

Shares of RBLX stock traded down $4.17 during trading hours on Tuesday, hitting $103.59. 2,825,481 shares of the company were exchanged, compared to its average volume of 8,659,864. Roblox Corporation has a 1 year low of $35.30 and a 1 year high of $108.00. The firm has a fifty day moving average of $88.90 and a 200 day moving average of $71.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The firm has a market cap of $70.26 billion, a PE ratio of -77.31 and a beta of 1.60.

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 analysts' consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The business's quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.43) earnings per share. Analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

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.