Beacon Financial Group Sells 1,118 Shares of Roblox Co. (NYSE:RBLX)

Beacon Financial Group lessened its stake in Roblox Co. (NYSE:RBLX) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,573 shares of the company’s stock after selling 1,118 shares during the period. Beacon Financial Group’s holdings in Roblox were worth $612,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Roblox in the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC grew its position in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. Versant Capital Management Inc grew its position in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the period. GAMMA Investing LLC grew its position in shares of Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares during the period. Finally, Huntington National Bank grew its position in shares of Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after acquiring an additional 770 shares during the period. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Macquarie boosted their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Roth Mkm boosted their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. CICC Research assumed coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating for the company. Finally, HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 6,054 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $311,357.22. Following the sale, the chief accounting officer now directly owns 85,008 shares in the company, valued at approximately $4,371,961.44. This represents a 6.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $52.34, for a total transaction of $1,308,500.00. Following the transaction, the director now owns 5,731,695 shares in the company, valued at $299,996,916.30. The trade was a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,352,014 shares of company stock worth $80,360,389. 22.15% of the stock is currently owned by corporate insiders.

Roblox Stock Down 2.8 %

Shares of RBLX stock opened at $64.18 on Thursday. The stock has a market cap of $38.99 billion, a P/E ratio of -44.26 and a beta of 1.46. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company’s fifty day simple moving average is $63.17 and its two-hundred day simple moving average is $51.20.

Roblox (NYSE:RBLX) last announced 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 net margin of 25.97% and a negative return on equity of 795.19%. Analysts predict that Roblox Co. will post -1.4 EPS for the current fiscal year.

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.