Great Valley Advisor Group Inc. Boosts Stock Position in Roblox Co. (NYSE:RBLX)

Great Valley Advisor Group Inc. boosted its position in shares of Roblox Co. (NYSE:RBLX) by 12.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,270 shares of the company’s stock after acquiring an additional 1,140 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Roblox were worth $455,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Roblox by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,015,344 shares of the company’s stock valued at $89,199,000 after buying an additional 117,515 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Roblox in the third quarter valued at $15,457,000. Commerce Bank grew its stake in Roblox by 5.7% during the 3rd quarter. Commerce Bank now owns 7,360 shares of the company’s stock worth $326,000 after purchasing an additional 400 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Roblox during the 3rd quarter worth $395,000. Finally, Pathstone Holdings LLC increased its holdings in Roblox by 7.2% during the 3rd quarter. Pathstone Holdings LLC now owns 88,296 shares of the company’s stock worth $3,908,000 after purchasing an additional 5,898 shares during the period. 91.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roblox

In related news, insider Manuel Bronstein sold 40,739 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $45.00, for a total value of $1,833,255.00. Following the sale, the insider now owns 727,485 shares in the company, valued at $32,736,825. This represents a 5.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at $4,817,179.80. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,013,607 shares of company stock worth $48,434,122 over the last 90 days. Company insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RBLX shares. Citigroup boosted their price objective on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price target on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. The Goldman Sachs Group raised their price objective on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Finally, Piper Sandler increased their target price on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.30.

Roblox Stock Performance

Shares of RBLX stock opened at $49.06 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a 50 day simple moving average of $46.13 and a 200-day simple moving average of $41.22. The company has a market cap of $29.81 billion, a price-to-earnings ratio of -29.91 and a beta of 1.56. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.45) earnings per share. On average, equities analysts forecast that Roblox Co. will post -1.56 EPS for the current year.

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.