Roblox Corporation $RBLX Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its stake in shares of Roblox Corporation (NYSE:RBLXFree Report) by 258.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 30,236 shares of the company’s stock after purchasing an additional 21,812 shares during the period. Venturi Wealth Management LLC’s holdings in Roblox were worth $1,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock valued at $5,142,065,000 after purchasing an additional 1,020,786 shares during the period. Capital International Investors lifted its position in shares of Roblox by 7.3% during the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after purchasing an additional 2,184,439 shares in the last quarter. Morgan Stanley boosted its stake in shares of Roblox by 8.1% in the fourth quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock valued at $1,679,664,000 after purchasing an additional 1,555,549 shares during the period. State Street Corp boosted its stake in shares of Roblox by 3.3% in the fourth quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after purchasing an additional 442,518 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Roblox by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock valued at $988,002,000 after purchasing an additional 547,103 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Up 2.5%

Shares of NYSE:RBLX opened at $47.56 on Friday. The company’s fifty day moving average is $48.18 and its two-hundred day moving average is $62.40. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. Roblox Corporation has a 1-year low of $40.15 and a 1-year high of $150.59. The stock has a market capitalization of $31.94 billion, a price-to-earnings ratio of -30.10 and a beta of 1.44.

Roblox (NYSE:RBLXGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.06. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business posted ($0.32) EPS. The company’s quarterly revenue was up 43.4% on a year-over-year basis. Equities analysts anticipate that Roblox Corporation will post -1.4 EPS for the current year.

Roblox announced that its board has initiated a share repurchase plan on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RBLX shares. DA Davidson dropped their price target on shares of Roblox from $47.50 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. Morgan Stanley reissued an “overweight” rating and issued a $62.00 price target on shares of Roblox in a report on Friday, May 1st. BTIG Research downgraded Roblox from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. UBS Group cut their target price on Roblox from $74.00 to $49.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Finally, Piper Sandler cut Roblox from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $100.00 to $50.00 in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of “Hold” and an average price target of $87.07.

Read Our Latest Report on RBLX

Insider Transactions at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 14,356 shares of Roblox stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.27, for a total value of $649,896.12. Following the completion of the transaction, the insider directly owned 349,964 shares in the company, valued at $15,842,870.28. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory Baszucki sold 16,666 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $57.95, for a total value of $965,794.70. Following the sale, the director owned 1,302,834 shares in the company, valued at $75,499,230.30. The trade was a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 189,449 shares of company stock valued at $9,179,410 over the last ninety days. Insiders own 10.05% of the company’s stock.

Key Headlines Impacting Roblox

Here are the key news stories impacting Roblox this week:

Roblox Company Profile

(Free Report)

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.

See Also

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLXFree Report).

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.