Vontobel Holding Ltd. Decreases Stock Position in Roblox Co. (NYSE:RBLX)

Vontobel Holding Ltd. trimmed its holdings in shares of Roblox Co. (NYSE:RBLX) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,842 shares of the company’s stock after selling 1,876 shares during the quarter. Vontobel Holding Ltd.’s holdings in Roblox were worth $790,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. PARK CIRCLE Co purchased a new stake in Roblox in the 2nd quarter worth about $30,000. Strategic Financial Concepts LLC bought a new position in Roblox in the 2nd quarter worth about $33,000. Gilliland Jeter Wealth Management LLC grew its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in Roblox in the 1st quarter worth about $39,000. Finally, GAMMA Investing LLC boosted its stake in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares in the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Up 0.2 %

RBLX stock opened at $39.93 on Monday. The business’s 50 day simple moving average is $43.08 and its 200 day simple moving average is $38.96. The firm has a market capitalization of $23.61 billion, a PE ratio of -21.47 and a beta of 1.60. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $48.43. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04.

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

Insider Buying and Selling

In other news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00. Following the transaction, the chief financial officer now owns 352,844 shares in the company, valued at $14,643,026. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $13,706,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $41.50, for a total value of $1,245,000.00. Following the transaction, the chief financial officer now owns 352,844 shares in the company, valued at approximately $14,643,026. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 625,673 shares of company stock valued at $27,331,806 over the last 90 days. Company insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Roblox from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Benchmark raised their price target on shares of Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Macquarie raised their price target on shares of Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wedbush reissued an “outperform” rating and set a $49.00 target price on shares of Roblox in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their target price on shares of Roblox from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $46.14.

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.