Exchange Traded Concepts LLC Has $26.31 Million Stock Position in Roblox Co. (NYSE:RBLX)

Exchange Traded Concepts LLC lessened its holdings in shares of Roblox Co. (NYSE:RBLX) by 33.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 594,469 shares of the company’s stock after selling 303,082 shares during the period. Roblox accounts for 0.6% of Exchange Traded Concepts LLC’s holdings, making the stock its 24th biggest holding. Exchange Traded Concepts LLC owned about 0.10% of Roblox worth $26,311,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Swedbank AB raised its position in Roblox by 0.5% during the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after purchasing an additional 285 shares during the last quarter. Thrive Wealth Management LLC raised its position in Roblox by 4.3% during the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after purchasing an additional 300 shares during the last quarter. Mystic Asset Management Inc. raised its position in Roblox by 4.0% during the 1st quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock worth $326,000 after purchasing an additional 325 shares during the last quarter. Atomi Financial Group Inc. raised its position in Roblox by 0.3% during 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 last quarter. Finally, Center for Financial Planning Inc. raised its position in shares of Roblox by 2.3% in the 2nd quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock worth $659,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling

In related news, insider Arvind Chakravarthy sold 592 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total value of $25,645.44. Following the sale, the insider now owns 276,892 shares in the company, valued at approximately $11,994,961.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the sale, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Arvind Chakravarthy sold 592 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total value of $25,645.44. Following the sale, the insider now owns 276,892 shares in the company, valued at $11,994,961.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 625,673 shares of company stock worth $27,331,806. Corporate insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $41.60 on Friday. The stock has a fifty day simple moving average of $42.72 and a two-hundred day simple moving average of $38.85. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $48.43. The firm has a market cap of $24.90 billion, a price-to-earnings ratio of -24.19 and a beta of 1.60. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04.

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

Analyst Ratings Changes

RBLX has been the subject of several research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a research report on Tuesday, July 30th. Barclays boosted their target price on Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Macquarie boosted their target price on Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Wedbush reaffirmed an “outperform” rating and issued a $49.00 target price on shares of Roblox in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on Roblox from $38.00 to $45.00 and gave the company a “neutral” 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.14.

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.