Roblox Co. (NYSE:RBLX) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its position in Roblox Co. (NYSE:RBLX) by 28.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,788 shares of the company’s stock after selling 5,054 shares during the period. Vontobel Holding Ltd.’s holdings in Roblox were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. Frazier Financial Advisors LLC lifted its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the period. Huntington National Bank lifted its stake in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after buying an additional 770 shares during the period. GAMMA Investing LLC lifted its stake in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after buying an additional 271 shares during the period. Finally, True Wealth Design LLC lifted its stake in shares of Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock worth $60,000 after buying an additional 1,355 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RBLX has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Piper Sandler reiterated an “overweight” rating and set a $72.00 price objective (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. CICC Research initiated coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. Barclays lowered their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, Benchmark raised their target price on shares of Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Transactions at Roblox

In other news, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the sale, the chief financial officer now owns 417,079 shares of the company’s stock, valued at $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Reinstra sold 19,525 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the sale, the insider now directly owns 339,206 shares of the company’s stock, valued at $22,367,243.64. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,069,697 shares of company stock valued at $65,912,475 over the last 90 days. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Down 3.7 %

RBLX opened at $63.65 on Thursday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average of $63.92 and a two-hundred day moving average of $52.10. The stock has a market capitalization of $38.67 billion, a price-to-earnings ratio of -43.89 and a beta of 1.46.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. On average, research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

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.