Invictus Private Wealth LLC Decreases Position in Roblox Co. (NYSE:RBLX)

Invictus Private Wealth LLC decreased its holdings in Roblox Co. (NYSE:RBLX) by 7.0% in the third quarter, Holdings Channel reports. The firm owned 232,777 shares of the company’s stock after selling 17,409 shares during the period. Roblox comprises about 0.8% of Invictus Private Wealth LLC’s portfolio, making the stock its 23rd largest position. Invictus Private Wealth LLC’s holdings in Roblox were worth $10,303,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Roblox by 10.4% in the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after buying an additional 4,818,022 shares during the last quarter. Ieq Capital LLC lifted its position in Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after acquiring an additional 2,684,713 shares during the period. Dragoneer Investment Group LLC grew its stake in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. Greenvale Capital LLP acquired a new position in shares of Roblox in the second quarter valued at about $89,304,000. Finally, Marshall Wace LLP purchased a new position in shares of Roblox in the second quarter worth about $87,543,000. 91.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roblox

In related news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares in the company, valued at $14,543,253.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 200,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the transaction, the director now owns 4,707,579 shares in the company, valued at $236,932,451.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 989,341 shares of company stock valued at $44,391,412 over the last quarter. 22.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent research reports. Jefferies Financial Group started coverage on Roblox in a research report on Thursday, July 11th. They issued a “hold” rating and a $42.00 target price on the stock. Wolfe Research began coverage on shares of Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Raymond James raised their target price on shares of Roblox from $51.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 31st. Barclays upped their price target on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Price Performance

Shares of NYSE RBLX opened at $51.19 on Wednesday. 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 fifty day moving average of $43.79 and a 200 day moving average of $39.48. The firm has a market cap of $31.10 billion, a PE ratio of -31.21 and a beta of 1.56. Roblox Co. has a one year low of $29.55 and a one year high of $53.07.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.45) earnings per share. As a group, research analysts predict that Roblox Co. will post -1.59 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.