12,039 Shares in Roblox Co. (NYSE:RBLX) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in shares of Roblox Co. (NYSE:RBLX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,039 shares of the company’s stock, valued at approximately $533,000.

A number of other hedge funds have also added to or reduced their stakes in RBLX. Impact Partnership Wealth LLC grew its position in Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after buying an additional 245 shares during the period. Metis Global Partners LLC grew its position in shares of Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after acquiring an additional 288 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Roblox by 5.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in Roblox by 0.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock worth $6,048,000 after purchasing an additional 380 shares during the period. Finally, Commerce Bank lifted its position in Roblox by 5.7% during the third quarter. Commerce Bank now owns 7,360 shares of the company’s stock valued at $326,000 after purchasing an additional 400 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Price Performance

RBLX stock opened at $61.46 on Tuesday. The company has a fifty day simple moving average of $49.28 and a two-hundred day simple moving average of $43.50. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $61.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $37.34 billion, a P/E ratio of -37.48 and a beta of 1.50.

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

Analyst Ratings Changes

A number of analysts have commented on RBLX shares. Deutsche Bank Aktiengesellschaft upped their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Raymond James restated a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. Needham & Company LLC increased their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays lifted their target price 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, HSBC started coverage on Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.67.

Insider Transactions at Roblox

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Monday, October 7th. The shares were sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at $14,643,026. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manuel Bronstein sold 44,888 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the transaction, the insider now owns 573,266 shares in the company, valued at $34,401,692.66. This trade represents a 7.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,457,267 shares of company stock worth $74,422,648. 22.15% of the stock is currently owned by company insiders.

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.