RWA Wealth Partners LLC Has $1.10 Million Position in Roblox Co. (NYSE:RBLX)

RWA Wealth Partners LLC increased its holdings in Roblox Co. (NYSE:RBLX) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,095 shares of the company’s stock after purchasing an additional 3,031 shares during the period. RWA Wealth Partners LLC’s holdings in Roblox were worth $1,102,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RBLX. Vanguard Group Inc. raised its position in Roblox by 29.0% in the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after purchasing an additional 10,025,779 shares in the last quarter. Ieq Capital LLC raised its position in Roblox by 158.0% in the third quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock worth $265,035,000 after purchasing an additional 5,604,995 shares in the last quarter. Morgan Stanley raised its position in Roblox by 13.7% in the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after purchasing an additional 4,927,848 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Roblox by 123.5% in the third quarter. Artisan Partners Limited Partnership now owns 3,267,763 shares of the company’s stock worth $94,634,000 after purchasing an additional 1,805,567 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Roblox by 20.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,145,602 shares of the company’s stock worth $235,897,000 after purchasing an additional 1,368,347 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total value of $146,760.00. Following the sale, the insider now directly owns 359,453 shares in the company, valued at $13,188,330.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Roblox news, insider Mark Reinstra sold 4,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total value of $146,760.00. Following the sale, the insider now directly owns 359,453 shares in the company, valued at $13,188,330.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 3,777 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the sale, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. The disclosure for this sale can be found here. Over the last three months, insiders have sold 699,374 shares of company stock worth $29,183,298. Company insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of RBLX stock opened at $34.97 on Thursday. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20. The stock has a market cap of $20.67 billion, a PE ratio of -18.70 and a beta of 1.63. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50 day moving average price is $38.84 and its two-hundred day moving average price is $38.99.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned ($0.48) earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, analysts forecast that Roblox Co. will post -2.1 EPS for the current year.

Analyst Upgrades and Downgrades

RBLX has been the topic of several research analyst reports. Roth Mkm upped their price objective on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 price objective on shares of Roblox in a research note on Monday. JPMorgan Chase & Co. raised shares of Roblox from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $48.00 in a research note on Tuesday. Needham & Company LLC upped their price objective on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Barclays raised shares of Roblox from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.60.

Roblox Company 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.