K.J. Harrison & Partners Inc Takes $2.06 Million Position in Roblox Co. (NYSE:RBLX)

K.J. Harrison & Partners Inc purchased a new position in shares of Roblox Co. (NYSE:RBLX) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 45,017 shares of the company’s stock, valued at approximately $2,058,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Roblox in the 4th quarter valued at about $25,000. Blue Trust Inc. raised its stake in Roblox by 566.5% during the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after buying an additional 912 shares in the last quarter. Allworth Financial LP lifted its holdings in Roblox by 90.2% during the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after buying an additional 587 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Roblox in the 4th quarter worth approximately $58,000. Finally, Lindbrook Capital LLC increased its holdings in shares of Roblox by 74.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,637 shares of the company’s stock valued at $75,000 after acquiring an additional 700 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.45 during midday trading on Friday, reaching $35.98. The company’s stock had a trading volume of 3,745,453 shares, compared to its average volume of 7,516,952. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The company has a market cap of $21.27 billion, a price-to-earnings ratio of -19.24 and a beta of 1.63. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company has a 50 day moving average price of $38.53 and a 200 day moving average price of $39.00.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.48) EPS. On average, equities research analysts expect that Roblox Co. will post -2.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RBLX. JPMorgan Chase & Co. raised shares of Roblox from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $48.00 in a report on Tuesday. Roth Mkm raised their target price on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $26.00 to $46.00 in a report on Thursday, February 8th. Benchmark reissued a “buy” rating and issued a $50.00 price target on shares of Roblox in a report on Tuesday. Finally, Needham & Company LLC boosted their price objective on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Insider Buying and Selling

In other news, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the transaction, the chief executive officer now directly owns 1 shares of the company’s stock, valued at $44.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO David Baszucki sold 200,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares in the company, valued at $44.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Reinstra sold 12,531 shares of Roblox stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total value of $510,638.25. Following the transaction, the insider now owns 249,779 shares in the company, valued at approximately $10,178,494.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 712,374 shares of company stock valued at $29,639,338. 22.15% of the stock is owned by corporate insiders.

Roblox Company 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.