Gries Financial LLC Takes $243,000 Position in Roblox Co. (NYSE:RBLX)

Gries Financial LLC purchased a new position in Roblox Co. (NYSE:RBLX) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,204 shares of the company’s stock, valued at approximately $243,000.

A number of other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Roblox during the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC increased its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Huntington National Bank increased its position in 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 buying an additional 770 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their target price on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. CICC Research assumed coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. Needham & Company LLC raised their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, HSBC assumed coverage on shares of Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective for the company. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.14.

Roblox Stock Up 1.9 %

RBLX opened at $71.39 on Friday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $71.77. The firm’s 50 day simple moving average is $59.90 and its two-hundred day simple moving average is $49.36. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last released its 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 the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.45) earnings per share. As a group, equities research analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 250,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the sale, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00. Following the completion of the transaction, the insider now directly owns 281,161 shares in the company, valued at approximately $18,525,698.29. This represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,207,812 shares of company stock worth $69,509,773. 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.