Orion Porfolio Solutions LLC Grows Stake in Roblox Corporation $RBLX

Orion Porfolio Solutions LLC increased its stake in shares of Roblox Corporation (NYSE:RBLX) by 103.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,303 shares of the company’s stock after purchasing an additional 19,477 shares during the period. Orion Porfolio Solutions LLC’s holdings in Roblox were worth $5,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. Pilgrim Partners Asia Pte Ltd purchased a new stake in Roblox during the 3rd quarter worth approximately $26,000. Total Investment Management Inc. purchased a new position in shares of Roblox in the second quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Roblox in the third quarter valued at approximately $37,000. Root Financial Partners LLC acquired a new stake in shares of Roblox in the third quarter worth approximately $38,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Roblox in the third quarter worth approximately $41,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on RBLX shares. DA Davidson started coverage on Roblox in a research note on Wednesday. They issued a “neutral” rating and a $65.00 price objective for the company. B. Riley Financial started coverage on shares of Roblox in a research note on Tuesday, December 9th. They set a “buy” rating and a $125.00 target price on the stock. Morgan Stanley dropped their target price on shares of Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Barclays reduced their target price on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Finally, Wolfe Research set a $100.00 price target on shares of Roblox in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $117.35.

Roblox Stock Performance

Shares of Roblox stock opened at $63.45 on Friday. The business’s 50 day moving average price is $72.09 and its 200 day moving average price is $99.58. The company has a market cap of $41.98 billion, a price-to-earnings ratio of -40.94 and a beta of 1.62. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59.

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

Insider Activity

In related news, Director Anthony P. Lee sold 59,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $79.96, for a total value of $4,717,640.00. Following the completion of the sale, the director owned 257,258 shares of the company’s stock, valued at approximately $20,570,349.68. This represents a 18.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 60,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the sale, the insider owned 394,322 shares of the company’s stock, valued at approximately $25,212,948.68. The trade was a 13.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 703,144 shares of company stock worth $51,681,640. Insiders own 12.92% of the company’s stock.

Roblox Company Profile

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.