Family Legacy Inc. Buys New Shares in Roblox Co. (NYSE:RBLX)

Family Legacy Inc. purchased a new position in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,308 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Roblox by 25.3% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 11,179 shares of the company’s stock worth $647,000 after acquiring an additional 2,257 shares during the period. Alliancebernstein L.P. grew its position in shares of Roblox by 68.8% during the 4th quarter. Alliancebernstein L.P. now owns 317,793 shares of the company’s stock worth $18,388,000 after purchasing an additional 129,537 shares in the last quarter. Wellington Management Group LLP raised its holdings in Roblox by 255.1% in the 4th quarter. Wellington Management Group LLP now owns 2,124,122 shares of the company’s stock valued at $122,902,000 after acquiring an additional 1,526,020 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Roblox during the 4th quarter valued at $716,000. Finally, Clearbridge Investments LLC acquired a new stake in shares of Roblox during the 4th quarter worth $4,256,000. Institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 34,099 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the completion of the sale, the chief executive officer now owns 221,983 shares in the company, valued at $12,664,130.15. This trade represents a 13.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total value of $3,007,000.00. Following the completion of the transaction, the chief financial officer now owns 395,465 shares in the company, valued at approximately $23,783,265.10. The trade was a 11.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 926,466 shares of company stock worth $60,212,297 in the last ninety days. Company insiders own 22.15% of the company’s stock.

Roblox Stock Down 0.9 %

Roblox stock opened at $58.99 on Monday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock has a market cap of $36.51 billion, a PE ratio of -40.68 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm’s 50-day simple moving average is $63.22 and its 200 day simple moving average is $55.56.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Research analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company upped their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Macquarie upped their price objective on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Morgan Stanley upped their target price on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $64.23.

Roblox Company 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.