Benjamin Edwards Inc. Has $2.30 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Benjamin Edwards Inc. boosted its stake in shares of Roblox Co. (NYSE:RBLX) by 12,971.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,024 shares of the company’s stock after purchasing an additional 51,626 shares during the period. Benjamin Edwards Inc.’s holdings in Roblox were worth $2,302,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Impact Partnership Wealth LLC boosted its position in Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after purchasing an additional 245 shares during the last quarter. Swedbank AB boosted its position in Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after purchasing an additional 285 shares during the last quarter. Metis Global Partners LLC boosted its position in Roblox by 5.0% during the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after purchasing an additional 288 shares during the last quarter. Thrive Wealth Management LLC lifted its position in shares of Roblox by 4.3% in the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after buying an additional 300 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Roblox by 5.0% in the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock valued at $296,000 after buying an additional 321 shares during the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of recent analyst reports. BTIG Research raised their price objective on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup raised their price objective on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Needham & Company LLC raised their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company raised their price objective on Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. 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. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Insider Buying and Selling at Roblox

In related news, insider Manuel Bronstein sold 40,739 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00. Following the sale, the insider now owns 727,485 shares of the company’s stock, valued at $32,736,825. This trade represents a 5.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 200,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the sale, the director now directly owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,038,607 shares of company stock valued at $49,713,872. 22.15% of the stock is currently owned by corporate insiders.

Roblox Trading Up 1.9 %

Shares of RBLX stock opened at $54.56 on Thursday. The stock’s fifty day moving average price is $46.61 and its two-hundred day moving average price is $41.87. The company has a market cap of $33.15 billion, a PE ratio of -33.27 and a beta of 1.50. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $55.10. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The firm 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%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.45) EPS. Equities analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

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.