Roblox Co. (NYSE:RBLX) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Roblox Co. (NYSE:RBLX) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,487 shares of the company’s stock after purchasing an additional 1,546 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Roblox were worth $4,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Roblox in the third quarter worth approximately $27,000. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after acquiring an additional 624 shares in the last quarter. PARK CIRCLE Co acquired a new position in shares of Roblox in the 2nd quarter worth $30,000. GAMMA Investing LLC raised its position in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its holdings in shares of Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Piper Sandler lifted their price target on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Raymond James reaffirmed a “strong-buy” rating and issued a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. Macquarie boosted their target price on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Citigroup raised their target price on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.30.

Roblox Price Performance

Shares of RBLX opened at $52.18 on Tuesday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $31.70 billion, a PE ratio of -31.85 and a beta of 1.56. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $55.10. The firm’s 50 day moving average price is $46.35 and its 200 day moving average price is $41.59.

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

Insider Activity

In other news, insider Manuel Bronstein sold 10,492 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.45, for a total value of $518,829.40. Following the sale, the insider now directly owns 618,154 shares of the company’s stock, valued at approximately $30,567,715.30. This trade represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the transaction, the chief accounting officer now owns 91,062 shares in the company, valued at $4,817,179.80. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,013,607 shares of company stock valued at $48,434,122. 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.