GPS Wealth Strategies Group LLC Decreases Stake in Roblox Co. (NYSE:RBLX)

GPS Wealth Strategies Group LLC trimmed its position in Roblox Co. (NYSE:RBLX) by 27.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,690 shares of the company’s stock after selling 625 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Roblox were worth $98,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank boosted its holdings in Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after purchasing an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC grew its stake in Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after buying an additional 62,390 shares during the last quarter. Entropy Technologies LP increased its holdings in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after acquiring an additional 62,521 shares during the period. Benjamin Edwards Inc. raised its position in Roblox by 12,971.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock valued at $2,302,000 after purchasing an additional 51,626 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after buying an additional 240,565 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Price Performance

RBLX opened at $70.65 on Tuesday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $71.89. 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 company’s 50 day simple moving average is $60.77 and its 200 day simple moving average is $49.91. The stock has a market capitalization of $42.92 billion, a PE ratio of -43.08 and a beta of 1.46.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $52.34, for a total value of $1,308,500.00. Following the transaction, the director now directly owns 5,731,695 shares of the company’s stock, valued at $299,996,916.30. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,601 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the sale, the chief accounting officer now directly owns 81,407 shares of the company’s stock, valued at $4,014,993.24. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,306,335 shares of company stock valued at $77,348,316 in the last ninety days. Company insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on RBLX. Roth Mkm upped their price target on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Canaccord Genuity Group lifted their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays raised their price target on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Citigroup boosted their price target on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.05.

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.