SOL Capital Management CO Sells 6,100 Shares of Roblox Co. (NYSE:RBLX)

SOL Capital Management CO trimmed its position in Roblox Co. (NYSE:RBLX) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 81,597 shares of the company’s stock after selling 6,100 shares during the period. SOL Capital Management CO’s holdings in Roblox were worth $4,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Canaccord Genuity Group upped their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Morgan Stanley boosted their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Macquarie lifted their price target on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven 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.com, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $59.14.

Roblox Stock Performance

Shares of Roblox stock opened at $71.39 on Friday. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $71.77. The company’s fifty day moving average is $59.90 and its 200 day moving average is $49.36. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last released its quarterly 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 analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted ($0.45) EPS. The business’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction dated 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 transaction, the insider now directly owns 281,161 shares in the company, valued at $18,525,698.29. This trade represents a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manuel Bronstein sold 37,846 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.03, for a total value of $1,969,127.38. Following the sale, the insider now owns 674,259 shares of the company’s stock, valued at $35,081,695.77. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,207,812 shares of company stock valued at $69,509,773 over the last ninety days. 22.15% of the stock is owned by company insiders.

Roblox Company 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.