Roblox Co. (NYSE:RBLX) Stock Holdings Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in Roblox Co. (NYSE:RBLX) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,691 shares of the company’s stock after purchasing an additional 321 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Roblox were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in Roblox by 1.9% in the 2nd quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock worth $1,084,395,000 after purchasing an additional 535,414 shares during the period. ARK Investment Management LLC grew its holdings in shares of Roblox by 12.9% during the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock valued at $496,338,000 after buying an additional 1,519,591 shares in the last quarter. Dragoneer Investment Group LLC grew its holdings in shares of Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Roblox by 17.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,984,817 shares of the company’s stock valued at $371,535,000 after buying an additional 1,491,726 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Roblox by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,737,657 shares of the company’s stock worth $180,885,000 after acquiring an additional 65,191 shares in the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on RBLX shares. Wells Fargo & Company increased their price objective on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Barclays lifted their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Morgan Stanley upgraded Roblox from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $65.00 in a report on Monday, November 4th. Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.30.

Roblox Price Performance

Shares of Roblox stock opened at $49.38 on Friday. The firm has a market cap of $30.00 billion, a PE ratio of -30.11 and a beta of 1.56. The company’s fifty day simple moving average is $46.00 and its two-hundred day simple moving average is $40.94. 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 $55.10.

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

Insiders Place Their Bets

In related news, CEO David Baszucki sold 6,460 shares of the 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 $332,237.80. Following the completion of the sale, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at approximately $6,649,641.85. This represents a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the transaction, the chief accounting officer now owns 91,062 shares in the company, valued at approximately $4,817,179.80. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,011,095 shares of company stock valued at $48,171,645. Company insiders own 22.15% of the company’s stock.

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.