Roblox Co. (NYSE:RBLX) Holdings Raised by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its position in shares of Roblox Co. (NYSE:RBLX) by 8.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,546 shares of the company’s stock after purchasing an additional 3,182 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Roblox were worth $1,583,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. PARK CIRCLE Co bought a new position in shares of Roblox during the second quarter valued at approximately $30,000. Strategic Financial Concepts LLC bought a new position in Roblox during the 2nd quarter worth $33,000. Gilliland Jeter Wealth Management LLC increased its position in Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after buying an additional 506 shares during the period. Washington Trust Advisors Inc. acquired a new position in shares of Roblox during the first quarter valued at $39,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Roblox by 98.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after acquiring an additional 548 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Trading Down 0.6 %

Shares of NYSE RBLX opened at $46.03 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.49. The company has a market cap of $27.22 billion, a price-to-earnings ratio of -24.75 and a beta of 1.60. The business has a fifty day simple moving average of $41.83 and a 200-day simple moving average of $38.37.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The company had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. During the same period in the prior year, the firm earned ($0.46) earnings per share. The business’s quarterly revenue was up 31.2% on a year-over-year basis. Sell-side analysts predict that Roblox Co. will post -1.59 EPS for the current year.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 12,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the completion of the sale, the insider now owns 342,656 shares in the company, valued at $13,706,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 12,000 shares of Roblox stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the sale, the insider now directly owns 342,656 shares of the company’s stock, valued at approximately $13,706,240. The disclosure for this sale can be found here. In the last three months, insiders have sold 775,341 shares of company stock worth $33,004,226. Corporate insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

RBLX has been the topic of several recent research reports. Roth Mkm lifted their price objective on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Macquarie increased their price objective on Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company lifted their target price on Roblox from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Benchmark boosted their price target on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.40.

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.