Capital Wealth Planning LLC Acquires 12,824 Shares of Roblox Corporation $RBLX

Capital Wealth Planning LLC raised its holdings in shares of Roblox Corporation (NYSE:RBLX) by 113.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,090 shares of the company’s stock after buying an additional 12,824 shares during the period. Capital Wealth Planning LLC’s holdings in Roblox were worth $3,337,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RBLX. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Roblox in the 3rd quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Roblox during the 3rd quarter valued at about $37,000. Total Investment Management Inc. bought a new position in Roblox during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC bought a new position in Roblox during the 3rd quarter worth approximately $38,000. Finally, Salomon & Ludwin LLC purchased a new position in Roblox in the 3rd quarter worth approximately $41,000. 94.46% of the stock is owned by institutional investors.

Roblox Stock Up 0.2%

Shares of Roblox stock opened at $56.42 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a market cap of $37.33 billion, a P/E ratio of -36.40 and a beta of 1.62. The company’s fifty day simple moving average is $69.85 and its two-hundred day simple moving average is $97.63.

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

Insider Buying and Selling

In other Roblox news, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the sale, the insider directly owned 307,263 shares in the company, valued at $22,322,656.95. This trade represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 272,269 shares of Roblox stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total value of $19,783,065.54. Following the sale, the chief executive officer directly owned 811,373 shares in the company, valued at approximately $58,954,362.18. The trade was a 25.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 703,144 shares of company stock valued at $51,681,640 over the last quarter. 12.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RBLX has been the subject of several recent research reports. Wall Street Zen downgraded Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Wolfe Research set a $100.00 target price on shares of Roblox in a report on Monday, January 5th. Wells Fargo & Company set a $97.00 price target on shares of Roblox in a report on Monday, February 9th. BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average target price of $117.35.

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.