Brooklyn Investment Group Takes Position in Roblox Co. (NYSE:RBLX)

Brooklyn Investment Group acquired a new position in shares of Roblox Co. (NYSE:RBLX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,549 shares of the company’s stock, valued at approximately $113,000.

Several other large investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in Roblox in the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC boosted its stake in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares during the period. PARK CIRCLE Co purchased a new position in Roblox during the second quarter worth about $30,000. GAMMA Investing LLC grew its position in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after buying an additional 530 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its stake in Roblox by 102.4% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after acquiring an additional 506 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RBLX. Barclays lifted their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Raymond James reiterated a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Canaccord Genuity Group increased 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. Benchmark lifted their price objective on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Citigroup increased their target price on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $49.37 on Thursday. 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 market cap of $29.99 billion, a price-to-earnings ratio of -30.10 and a beta of 1.56. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $55.10. The company has a 50-day moving average price of $46.21 and a 200-day moving average price of $41.27.

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. The business had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.45) EPS. As a group, equities analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of the company’s stock in a transaction on Monday, November 4th. The shares were 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 directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. This represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 25,000 shares of Roblox stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $52.34, for a total transaction of $1,308,500.00. Following the sale, the director now directly owns 5,731,695 shares in the company, valued at $299,996,916.30. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,013,607 shares of company stock valued at $48,434,122 over the last quarter. 22.15% of the stock is owned by company insiders.

About Roblox

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.