Roblox Co. (NYSE:RBLX) Stock Holdings Lessened by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC cut its stake in shares of Roblox Co. (NYSE:RBLX) by 27.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,690 shares of the company’s stock after selling 625 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Roblox were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its stake in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares during the period. Smith Group Asset Management LLC boosted its stake in shares of Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after buying an additional 62,390 shares during the period. Entropy Technologies LP grew its stake in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after buying an additional 62,521 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Roblox by 12,971.4% during the third quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock valued at $2,302,000 after buying an additional 51,626 shares in the last quarter. Finally, State Street Corp boosted its position in Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares during the period. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. CICC Research began coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Wedbush restated an “outperform” rating and set a $49.00 price target on shares of Roblox in a research note on Friday, October 25th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price objective (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price objective on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Finally, BTIG Research lifted their price objective on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.05.

Roblox Stock Performance

RBLX stock opened at $70.65 on Tuesday. The business’s fifty day moving average is $60.77 and its 200-day moving average is $49.91. The company has a market cap of $42.92 billion, a P/E ratio of -43.08 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $71.89.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 6,054 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total value of $311,357.22. Following the completion of the transaction, the chief accounting officer now owns 85,008 shares in the company, valued at $4,371,961.44. This represents a 6.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Baszucki sold 138,555 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the transaction, the chief executive officer now owns 129,301 shares of the company’s stock, valued at approximately $9,260,537.62. This trade represents a 51.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,306,335 shares of company stock worth $77,348,316. 22.15% of the stock is currently owned by company insiders.

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.