Strategic Family Wealth Counselors L.L.C. Sells 239,291 Shares of Roblox Co. (NYSE:RBLX)

Strategic Family Wealth Counselors L.L.C. lowered its stake in Roblox Co. (NYSE:RBLX) by 47.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 261,386 shares of the company’s stock after selling 239,291 shares during the period. Roblox makes up about 4.0% of Strategic Family Wealth Counselors L.L.C.’s investment portfolio, making the stock its 3rd largest holding. Strategic Family Wealth Counselors L.L.C.’s holdings in Roblox were worth $11,569,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Roblox by 10.4% during the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after acquiring an additional 4,818,022 shares during the period. Ieq Capital LLC grew 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 purchasing an additional 2,684,713 shares in the last quarter. Dragoneer Investment Group LLC raised 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 period. Greenvale Capital LLP purchased a new stake in shares of Roblox in the second quarter valued at $89,304,000. Finally, Marshall Wace LLP purchased a new stake in shares of Roblox in the second quarter valued at $87,543,000. 91.08% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Arvind Chakravarthy sold 592 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total transaction of $25,645.44. Following the completion of the sale, the insider now owns 276,892 shares in the company, valued at $11,994,961.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Arvind Chakravarthy sold 592 shares of Roblox stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total transaction of $25,645.44. Following the completion of the sale, the insider now owns 276,892 shares in the company, valued at $11,994,961.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,029,373 shares of company stock valued at $46,476,179 in the last 90 days. 22.15% of the stock is currently owned by insiders.

Roblox Price Performance

RBLX stock traded up $0.27 during trading on Friday, hitting $53.38. 1,627,413 shares of the stock traded hands, compared to its average volume of 7,458,099. The stock has a market cap of $32.43 billion, a price-to-earnings ratio of -32.38 and a beta of 1.56. Roblox Co. has a one year low of $29.55 and a one year high of $54.07. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a 50 day simple moving average of $44.11 and a 200 day simple moving average of $39.68.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate 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 business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the business earned ($0.45) EPS. Roblox’s revenue was up 9.5% compared to the same quarter last year. Equities analysts expect that Roblox Co. will post -1.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several recent analyst reports. Macquarie upped their price target on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BTIG Research raised their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley upgraded Roblox from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $65.00 in a report on Monday. Needham & Company LLC upped their price target on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Roth Mkm increased their price target on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

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.