TD Asset Management Inc Increases Stake in Roblox Corporation $RBLX

TD Asset Management Inc raised its holdings in shares of Roblox Corporation (NYSE:RBLX) by 7.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 590,570 shares of the company’s stock after acquiring an additional 38,756 shares during the quarter. TD Asset Management Inc’s holdings in Roblox were worth $81,806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WPG Advisers LLC raised its position in shares of Roblox by 17.8% in the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock valued at $77,000 after purchasing an additional 84 shares during the period. Baird Financial Group Inc. lifted its position in shares of Roblox by 1.4% during the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after acquiring an additional 102 shares in the last quarter. Lido Advisors LLC grew its position in shares of Roblox by 1.3% in the second quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock valued at $897,000 after purchasing an additional 106 shares in the last quarter. QTR Family Wealth LLC raised its stake in shares of Roblox by 2.6% during the 3rd quarter. QTR Family Wealth LLC now owns 4,446 shares of the company’s stock valued at $616,000 after purchasing an additional 111 shares during the period. Finally, Perpetual Ltd lifted its holdings in Roblox by 0.6% during the 3rd quarter. Perpetual Ltd now owns 19,043 shares of the company’s stock worth $2,638,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Up 4.9%

RBLX opened at $71.38 on Friday. The business’s fifty day simple moving average is $73.90 and its 200 day simple moving average is $102.14. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock has a market cap of $47.23 billion, a PE ratio of -46.05 and a beta of 1.63.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s revenue was up 122.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) earnings per share. As a group, research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 7,000 shares of Roblox stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total transaction of $577,150.00. Following the transaction, the director directly owned 256,768 shares in the company, valued at $21,170,521.60. This trade represents a 2.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 769,144 shares of company stock worth $57,789,280 over the last ninety days. Corporate insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup lowered their price target on shares of Roblox from $152.00 to $119.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Roblox in a report on Friday, February 6th. Morgan Stanley decreased their price target on shares of Roblox from $155.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Jefferies Financial Group set a $85.00 target price on Roblox in a research report on Thursday, January 15th. Finally, UBS Group set a $74.00 price target on Roblox in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.44.

About Roblox

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.