Corient Private Wealth LLC Lowers Stock Holdings in Roblox Co. (NYSE:RBLX)

Corient Private Wealth LLC lessened its holdings in shares of Roblox Co. (NYSE:RBLX) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,246 shares of the company’s stock after selling 1,221 shares during the quarter. Corient Private Wealth LLC’s holdings in Roblox were worth $709,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Rakuten Securities Inc. grew its holdings in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the period. EverSource Wealth Advisors LLC increased its position in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in 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 purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Down 0.9 %

Shares of NYSE:RBLX opened at $58.99 on Friday. The firm has a market cap of $36.51 billion, a PE ratio of -40.68 and a beta of 1.49. The company has a fifty day simple moving average of $63.22 and a 200 day simple moving average of $55.41. 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 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup upped their price objective on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Wells Fargo & Company raised their price objective on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Benchmark reiterated a “buy” rating and set a $71.00 target price on shares of Roblox in a report on Tuesday, March 18th. HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 target price for the company. Finally, Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective for the company. in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.23.

Insider Activity at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares in the company, valued at $12,513,028.86. The trade was a 0.48 % 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, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 926,466 shares of company stock valued at $60,212,297 over the last three months. 22.15% of the stock is owned by 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.