Roblox Co. (NYSE:RBLX) is Donor Advised Charitable Giving Inc.’s 5th Largest Position

Donor Advised Charitable Giving Inc. lessened its holdings in shares of Roblox Co. (NYSE:RBLX) by 35.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,703 shares of the company’s stock after selling 36,773 shares during the quarter. Roblox comprises about 0.1% of Donor Advised Charitable Giving Inc.’s holdings, making the stock its 5th biggest holding. Donor Advised Charitable Giving Inc.’s holdings in Roblox were worth $3,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RBLX. Kera Capital Partners Inc. purchased a new position in Roblox in the fourth quarter valued at $1,026,000. Stonekeep Investments LLC raised its position in Roblox by 9.6% in the 4th quarter. Stonekeep Investments LLC now owns 8,319 shares of the company’s stock valued at $481,000 after purchasing an additional 727 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of Roblox in the 4th quarter valued at about $736,000. Avanza Fonder AB acquired a new position in shares of Roblox during the fourth quarter worth about $5,631,000. Finally, Yarbrough Capital LLC purchased a new stake in shares of Roblox during the fourth quarter worth approximately $205,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Trading Up 0.5 %

Shares of NYSE:RBLX opened at $65.57 on Monday. 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 Co. has a 12-month low of $29.55 and a 12-month high of $66.51. The company has a fifty day simple moving average of $57.12 and a 200 day simple moving average of $47.63.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted ($0.45) earnings per share. Roblox’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday. HSBC started coverage on Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. Morgan Stanley upped their price target on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Benchmark raised 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, Deutsche Bank Aktiengesellschaft upped their target price on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.48.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 166,668 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the sale, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at $5,722,073.25. This trade represents a 55.11 % 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 250,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the transaction, the director now directly owns 6,254,137 shares of the company’s stock, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,504,601 shares of company stock valued at $81,882,735. Company insiders own 22.15% of the company’s stock.

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.