Wealth Enhancement Advisory Services LLC Buys 9,011 Shares of Roblox Corporation $RBLX

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Roblox Corporation (NYSE:RBLX) by 5.6% during the third quarter, Holdings Channel.com reports. The firm owned 169,678 shares of the company’s stock after purchasing an additional 9,011 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Roblox were worth $23,504,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new stake in shares of Roblox in the 3rd quarter valued at about $598,000. Amalgamated Bank raised its stake in shares of Roblox by 16.1% during the 3rd quarter. Amalgamated Bank now owns 49,575 shares of the company’s stock worth $6,867,000 after acquiring an additional 6,879 shares in the last quarter. Oak Ridge Investments LLC lifted its position in Roblox by 89.4% during the third quarter. Oak Ridge Investments LLC now owns 8,302 shares of the company’s stock valued at $1,150,000 after acquiring an additional 3,919 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Roblox by 7.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,148,204 shares of the company’s stock valued at $713,129,000 after acquiring an additional 360,009 shares during the last quarter. Finally, New Insight Wealth Advisors boosted its stake in Roblox by 20.7% in the third quarter. New Insight Wealth Advisors now owns 4,300 shares of the company’s stock valued at $596,000 after acquiring an additional 737 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 7,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the transaction, the director owned 256,768 shares of the company’s stock, valued at $21,170,521.60. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Reinstra sold 16,782 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $95.24, for a total transaction of $1,598,317.68. Following the transaction, the insider owned 370,532 shares of the company’s stock, valued at $35,289,467.68. This represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 504,300 shares of company stock valued at $46,290,436. 12.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RBLX has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on Roblox in a research note on Tuesday. Raymond James Financial reiterated an “outperform” rating and issued a $165.00 price target (up from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. Citigroup raised their price target on Roblox from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, BMO Capital Markets boosted their price target on Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.23.

Roblox Trading Down 4.0%

Shares of NYSE:RBLX opened at $75.70 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The stock has a market cap of $49.58 billion, a price-to-earnings ratio of -52.94 and a beta of 1.64. The business has a 50-day moving average price of $87.44 and a 200-day moving average price of $111.50.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company earned ($0.37) EPS. Roblox’s quarterly revenue was up 70.3% on a year-over-year basis. Equities analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Roblox Profile

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.