Resolute Advisors LLC Has $11.23 Million Stake in Roblox Co. (NYSE:RBLX)

Resolute Advisors LLC cut its holdings in shares of Roblox Co. (NYSE:RBLX) by 4.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 253,765 shares of the company’s stock after selling 11,636 shares during the quarter. Roblox accounts for approximately 2.3% of Resolute Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Resolute Advisors LLC’s holdings in Roblox were worth $11,232,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RBLX. V Square Quantitative Management LLC bought a new position in Roblox during the third quarter valued at about $27,000. PARK CIRCLE Co purchased a new stake in shares of Roblox during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC raised its holdings in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares during the period. Gilliland Jeter Wealth Management LLC lifted its stake in Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new position in Roblox during the first quarter valued at $39,000. 91.08% of the stock is currently owned by institutional investors.

Roblox Stock Performance

Roblox stock opened at $52.40 on Friday. The firm has a fifty day simple moving average of $44.47 and a two-hundred day simple moving average of $39.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $54.07. The company has a market capitalization of $31.84 billion, a PE ratio of -31.95 and a beta of 1.56.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted ($0.45) EPS. Roblox’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RBLX shares. The Goldman Sachs Group upped their price target on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup boosted their price target on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $38.00 to $65.00 in a report on Monday, November 4th. Benchmark boosted their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BTIG Research lifted their price target on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

Insider Activity

In related news, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the transaction, the director now directly owns 4,707,579 shares of the company’s stock, valued at $236,932,451.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Anthony P. Lee sold 200,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total value of $10,066,000.00. Following the sale, the director now directly owns 4,707,579 shares of the company’s stock, valued at $236,932,451.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 166,668 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $42.15, for a total value of $7,025,056.20. Following the transaction, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at $5,722,073.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,029,373 shares of company stock valued at $46,476,179. 22.15% of the stock is currently owned by company 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.