SOL Capital Management CO Has $4.72 Million Stock Position in Roblox Co. (NYSE:RBLX)

SOL Capital Management CO reduced its position in shares of Roblox Co. (NYSE:RBLX) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,597 shares of the company’s stock after selling 6,100 shares during the quarter. SOL Capital Management CO’s holdings in Roblox were worth $4,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of RBLX. FMR LLC grew its stake in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the period. State Street Corp grew its position in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after buying an additional 240,565 shares during the period. ValueAct Holdings L.P. increased its stake in shares of Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after acquiring an additional 7,835,921 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after acquiring an additional 408,915 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in Roblox by 32.9% during the 3rd quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock worth $259,576,000 after acquiring an additional 1,452,900 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $52.07, for a total transaction of $2,082,800.00. Following the transaction, the chief financial officer now owns 352,844 shares of the company’s stock, valued at $18,372,587.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at approximately $4,817,179.80. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,207,812 shares of company stock valued at $69,509,773. 22.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays upped their target price on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Morgan Stanley raised their price objective on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. HSBC started coverage on Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their price objective on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus price target of $59.14.

Roblox Trading Up 1.9 %

RBLX opened at $71.39 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The business’s 50-day simple moving average is $59.90 and its 200 day simple moving average is $49.36. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $71.77.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.45) EPS. As a group, equities research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

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.