Stifel Financial Corp Has $4.08 Million Position in Roblox Co. (NYSE:RBLX)

Stifel Financial Corp cut its stake in Roblox Co. (NYSE:RBLX) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,143 shares of the company’s stock after selling 4,780 shares during the quarter. Stifel Financial Corp’s holdings in Roblox were worth $4,078,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Quadrature Capital Ltd lifted its position in Roblox by 289.0% during the third quarter. Quadrature Capital Ltd now owns 161,934 shares of the company’s stock worth $7,167,000 after acquiring an additional 120,301 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Roblox by 85.8% during the third quarter. Quantinno Capital Management LP now owns 34,316 shares of the company’s stock worth $1,519,000 after purchasing an additional 15,846 shares during the period. Royal London Asset Management Ltd. lifted its holdings in Roblox by 3.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 210,438 shares of the company’s stock worth $9,314,000 after purchasing an additional 7,332 shares during the last quarter. Petrus Trust Company LTA boosted its stake in Roblox by 140.3% in the 3rd quarter. Petrus Trust Company LTA now owns 21,385 shares of the company’s stock valued at $946,000 after purchasing an additional 12,484 shares during the period. Finally, Motley Fool Asset Management LLC grew its holdings in Roblox by 4.7% in the 3rd quarter. Motley Fool Asset Management LLC now owns 26,042 shares of the company’s stock valued at $1,134,000 after buying an additional 1,176 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RBLX. HSBC began coverage on Roblox in a report on Thursday. They set a “buy” rating and a $63.00 target price for the company. Macquarie boosted their price objective on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Barclays boosted their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Citigroup raised their price objective on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $55.67.

Roblox Trading Down 0.0 %

Shares of Roblox stock opened at $59.60 on Monday. The firm’s 50 day moving average is $48.88 and its 200 day moving average is $43.30. The firm has a market capitalization of $36.21 billion, a PE ratio of -36.34 and a beta of 1.50. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $61.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.45) earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Equities research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Manuel Bronstein sold 44,888 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the completion of the transaction, the insider now directly owns 573,266 shares in the company, valued at $34,401,692.66. This trade represents a 7.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at $14,643,026. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,457,267 shares of company stock valued at $74,422,648 in the last 90 days. Corporate 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.