Unique Wealth Strategies LLC Purchases Shares of 6,264 Roblox Co. (NYSE:RBLX)

Unique Wealth Strategies LLC purchased a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,264 shares of the company’s stock, valued at approximately $286,000.

A number of other hedge funds have also modified their holdings of RBLX. Vanguard Group Inc. grew its position in shares of Roblox by 29.0% during the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after acquiring an additional 10,025,779 shares during the last quarter. Ieq Capital LLC grew its position in shares of Roblox by 158.0% during the third quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock worth $265,035,000 after acquiring an additional 5,604,995 shares during the last quarter. Morgan Stanley grew its position in Roblox by 13.7% in the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after buying an additional 4,927,848 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Roblox by 123.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,267,763 shares of the company’s stock valued at $94,634,000 after buying an additional 1,805,567 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Roblox by 20.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,145,602 shares of the company’s stock valued at $235,897,000 after buying an additional 1,368,347 shares during the last quarter. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Price Performance

NYSE:RBLX traded up $0.48 during mid-day trading on Friday, reaching $36.01. 3,746,578 shares of the stock were exchanged, compared to its average volume of 6,069,188. The business has a fifty day moving average price of $38.53 and a 200 day moving average price of $39.06. The firm has a market capitalization of $21.28 billion, a PE ratio of -19.26 and a beta of 1.63. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. Roblox’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.48) earnings per share. Research analysts expect that Roblox Co. will post -2.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of analyst reports. Benchmark reiterated a “buy” rating and issued a $50.00 price objective on shares of Roblox in a research report on Tuesday, April 23rd. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and raised their target price for the company from $35.00 to $48.00 in a report on Thursday, February 8th. Needham & Company LLC raised their target price on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Wedbush boosted their price objective on shares of Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets increased their price objective on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Insider Buying and Selling

In related 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 transaction, the chief executive officer now owns 1 shares in the company, valued at approximately $44.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO David Baszucki sold 200,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1 shares of the company’s stock, valued at approximately $44.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total value of $456,040.00. Following the completion of the transaction, the director now directly owns 9,747,603 shares in the company, valued at $341,945,913.24. The disclosure for this sale can be found here. Insiders have sold a total of 712,374 shares of company stock valued at $29,639,338 over the last three months. Company insiders own 22.15% of the company’s stock.

About Roblox

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.