Roblox Co. (NYSE:RBLX) Stock Position Decreased by Benjamin Edwards Inc.

Benjamin Edwards Inc. decreased its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 17.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,741 shares of the company's stock after selling 9,283 shares during the quarter. Benjamin Edwards Inc.'s holdings in Roblox were worth $2,473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Roblox by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after purchasing an additional 462,450 shares during the period. FMR LLC raised its position in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after acquiring an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. Ieq Capital LLC increased its stake in shares of Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after purchasing an additional 3,507,901 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Roblox by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after purchasing an additional 246,610 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on RBLX. Barclays upped their price target 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. JPMorgan Chase & Co. raised their target price on Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, January 10th. FBN Securities assumed coverage on Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective for the company. CICC Research assumed coverage on Roblox in a report on Tuesday, January 14th. They issued an "outperform" rating on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Roblox currently has a consensus rating of "Moderate Buy" and an average target price of $67.91.

Roblox Stock Up 2.6 %

Shares of RBLX traded up $1.84 during midday trading on Friday, reaching $71.89. 7,283,366 shares of the company were exchanged, compared to its average volume of 7,763,033. 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 Co. has a 1-year low of $30.56 and a 1-year high of $75.74. The company has a market cap of $45.29 billion, a price-to-earnings ratio of -49.58 and a beta of 1.46. The stock has a 50-day moving average price of $60.65 and a 200-day moving average price of $59.42.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Roblox's quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.43) EPS. Research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 1,375,002 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $72.19, for a total value of $99,261,394.38. Following the sale, the chief executive officer now owns 221,983 shares in the company, valued at approximately $16,024,952.77. This represents a 86.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of Roblox stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the transaction, the chief accounting officer now owns 75,583 shares of the company's stock, valued at $4,636,261.22. This trade represents a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,164,386 shares of company stock worth $146,492,013 in the last quarter. 22.15% 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.