TD Asset Management Inc Acquires 38,756 Shares of Roblox Corporation $RBLX

TD Asset Management Inc grew its holdings in Roblox Corporation (NYSE:RBLX) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 590,570 shares of the company’s stock after acquiring an additional 38,756 shares during the quarter. TD Asset Management Inc owned 0.09% of Roblox worth $81,806,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RBLX. National Pension Service increased its holdings in Roblox by 7.3% during the 3rd quarter. National Pension Service now owns 1,697,820 shares of the company’s stock worth $235,182,000 after purchasing an additional 115,096 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Roblox by 2.6% in the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after purchasing an additional 1,513,608 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Roblox by 298.4% during the 3rd quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock worth $45,617,000 after buying an additional 246,652 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Roblox in the 2nd quarter valued at about $120,041,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Roblox in the third quarter valued at about $2,895,000. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RBLX shares. B. Riley Financial started coverage on shares of Roblox in a research note on Tuesday, December 9th. They issued a “buy” rating and a $125.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $115.00 price target on Roblox in a research report on Tuesday, January 20th. TD Cowen reaffirmed a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. Roth Mkm upgraded shares of Roblox from a “neutral” rating to a “buy” rating and upped their price target for the stock from $78.00 to $84.00 in a report on Monday, February 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $100.00 price objective (down from $125.00) on shares of Roblox in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.44.

Roblox Price Performance

Shares of NYSE RBLX opened at $71.38 on Friday. The company has a market capitalization of $47.23 billion, a PE ratio of -46.05 and a beta of 1.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock’s 50 day moving average price is $73.90 and its 200-day moving average price is $102.14. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business’s revenue was up 122.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. On average, equities analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Insider Buying and Selling

In other news, insider Mark Reinstra sold 60,000 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the completion of the transaction, the insider directly owned 394,322 shares of the company’s stock, valued at $25,212,948.68. This represents a 13.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arvind Chakravarthy sold 40,646 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total transaction of $2,732,630.58. The disclosure for this sale is available in the SEC filing. Insiders sold 769,144 shares of company stock worth $57,789,280 in the last ninety days. Corporate insiders own 12.92% of the company’s stock.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.