Roblox Co. (NYSE:RBLX) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its stake in shares of Roblox Co. (NYSE:RBLX) by 10.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,889 shares of the company’s stock after purchasing an additional 767 shares during the period. Empowered Funds LLC’s holdings in Roblox were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Roblox during the third quarter worth about $27,000. PARK CIRCLE Co purchased a new stake in Roblox in the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC acquired a new position in Roblox in the 2nd quarter valued at $33,000. Gilliland Jeter Wealth Management LLC lifted its stake in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 16,480 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total value of $847,566.40. Following the completion of the transaction, the insider now owns 278,161 shares in the company, valued at approximately $14,305,820.23. This represents a 5.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 352,844 shares in the company, valued at approximately $14,643,026. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,010,503 shares of company stock valued at $48,145,999 over the last quarter. Insiders own 22.15% of the company’s stock.

Roblox Stock Down 0.4 %

NYSE:RBLX opened at $49.16 on Tuesday. 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 market capitalization of $29.87 billion, a price-to-earnings ratio of -29.98 and a beta of 1.56. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The stock has a 50-day simple moving average of $46.06 and a 200 day simple moving average of $41.09.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned ($0.45) EPS. The business’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on RBLX shares. Wells Fargo & Company raised their price target on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Piper Sandler raised their target price on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays boosted their price objective on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Seven 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

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.