TD Asset Management Inc Sells 157,306 Shares of Roblox Co. (NYSE:RBLX)

TD Asset Management Inc reduced its holdings in Roblox Co. (NYSE:RBLX) by 58.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,536 shares of the company’s stock after selling 157,306 shares during the quarter. TD Asset Management Inc’s holdings in Roblox were worth $4,225,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. PARK CIRCLE Co bought a new stake in shares of Roblox in the second quarter worth about $30,000. Rhumbline Advisers boosted its position in shares of Roblox by 1.1% during the second quarter. Rhumbline Advisers now owns 666,372 shares of the company’s stock worth $24,796,000 after buying an additional 7,102 shares during the period. CIBC Asset Management Inc boosted its position in shares of Roblox by 35.6% during the second quarter. CIBC Asset Management Inc now owns 19,286 shares of the company’s stock worth $718,000 after buying an additional 5,059 shares during the period. Interchange Capital Partners LLC boosted its position in shares of Roblox by 45.5% during the second quarter. Interchange Capital Partners LLC now owns 12,843 shares of the company’s stock worth $478,000 after buying an additional 4,014 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of Roblox during the second quarter worth about $63,000. 91.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 12,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Mark Reinstra sold 12,000 shares of Roblox 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 transaction, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Manuel Bronstein sold 40,739 shares of Roblox stock in a transaction on Monday, September 9th. The shares were sold at an average price of $45.00, for a total value of $1,833,255.00. Following the completion of the transaction, the insider now owns 727,485 shares in the company, valued at approximately $32,736,825. The disclosure for this sale can be found here. Insiders have sold a total of 589,852 shares of company stock worth $24,563,854 in the last 90 days. Company insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $44.98 on Thursday. The firm has a market cap of $26.60 billion, a P/E ratio of -24.18 and a beta of 1.60. 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 Co. has a 1-year low of $24.88 and a 1-year high of $47.20. The business’s 50 day moving average is $40.90 and its 200-day moving average is $38.09.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping 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 company had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same quarter last year, the company earned ($0.46) earnings per share. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. Equities research analysts predict that Roblox Co. will post -1.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RBLX. Wolfe Research began coverage on Roblox in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Benchmark increased their price target on Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $46.00 price target on shares of Roblox in a research report on Monday, July 29th. Finally, Wells Fargo & Company increased their price target on Roblox from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.40.

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.