Cetera Investment Advisers Purchases 1,748 Shares of Roblox Co. (NYSE:RBLX)

Cetera Investment Advisers increased its stake in Roblox Co. (NYSE:RBLX) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,332 shares of the company’s stock after buying an additional 1,748 shares during the period. Cetera Investment Advisers’ holdings in Roblox were worth $1,538,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale grew its holdings in shares of Roblox by 2.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after buying an additional 1,419 shares during the last quarter. Dragoneer Investment Group LLC grew its holdings in shares of Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in Roblox by 41.4% in the first quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock worth $423,000 after purchasing an additional 3,247 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Roblox by 62.0% in the second quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock worth $1,395,000 after purchasing an additional 14,348 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Roblox by 18.3% in the first quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock worth $11,000,000 after purchasing an additional 44,557 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RBLX shares. Macquarie raised their target price on shares of Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. BTIG Research boosted their price target on shares of Roblox from $47.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Wells Fargo & Company boosted their price target on shares of Roblox from $46.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Jefferies Financial Group started coverage on shares of Roblox in a research report on Thursday, July 11th. They set a “hold” rating and a $42.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Roblox from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.14.

Roblox Trading Down 0.0 %

Shares of RBLX stock opened at $40.77 on Wednesday. The stock has a market capitalization of $24.11 billion, a P/E ratio of -21.92 and a beta of 1.60. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $48.43. The company has a 50 day moving average price of $42.87 and a 200 day moving average price of $38.89.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. During the same quarter in the previous year, the firm earned ($0.46) EPS. The company’s revenue was up 31.2% compared to the same quarter last year. Equities research analysts predict that Roblox Co. will post -1.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Gregory Baszucki sold 13,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total transaction of $620,750.00. Following the transaction, the director now directly owns 9,662,103 shares of the company’s stock, valued at $461,365,418.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the sale, the chief accounting officer now directly owns 99,617 shares in the company, valued at approximately $4,019,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 625,673 shares of company stock worth $27,331,806. 22.15% of the stock is owned by 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.