Impact Partnership Wealth LLC Acquires 750 Shares of Roblox Co. (NYSE:RBLX)

Impact Partnership Wealth LLC boosted its holdings in shares of Roblox Co. (NYSE:RBLX) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,480 shares of the company’s stock after buying an additional 750 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Roblox were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBLX. Envestnet Asset Management Inc. lifted its position in shares of Roblox by 17.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 64,557 shares of the company’s stock valued at $2,402,000 after buying an additional 9,665 shares in the last quarter. Amalgamated Bank lifted its holdings in Roblox by 9.2% during the second quarter. Amalgamated Bank now owns 34,530 shares of the company’s stock valued at $1,285,000 after purchasing an additional 2,908 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Roblox by 22.0% in the second quarter. ProShare Advisors LLC now owns 6,697 shares of the company’s stock worth $249,000 after purchasing an additional 1,206 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Roblox by 76.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,586 shares of the company’s stock worth $3,371,000 after purchasing an additional 39,150 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Roblox by 1,084.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 946,256 shares of the company’s stock valued at $35,210,000 after purchasing an additional 866,396 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Down 0.2 %

RBLX stock opened at $67.00 on Friday. 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 12 month low of $29.55 and a 12 month high of $67.43. The company has a 50-day moving average price of $58.44 and a 200 day moving average price of $48.53.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RBLX shares. Needham & Company LLC increased their price target on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. HSBC started coverage on Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 target price for the company. BTIG Research boosted their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Canaccord Genuity Group increased their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $57.48.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total transaction of $1,581,360.00. Following the completion of the sale, the insider now owns 281,161 shares of the company’s stock, valued at approximately $18,525,698.29. The trade was a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Manuel Bronstein sold 37,846 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.03, for a total value of $1,969,127.38. Following the completion of the sale, the insider now owns 674,259 shares of the company’s stock, valued at $35,081,695.77. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,812 shares of company stock worth $80,070,173 over the last quarter. Company insiders own 22.15% of the company’s stock.

About Roblox

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.