Impact Partnership Wealth LLC Purchases 750 Shares of Roblox Co. (NYSE:RBLX)

Impact Partnership Wealth LLC lifted its position in Roblox Co. (NYSE:RBLX) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,480 shares of the company’s stock after purchasing an additional 750 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Roblox were worth $433,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in Roblox by 38.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 25,507 shares of the company’s stock valued at $1,476,000 after purchasing an additional 7,103 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after acquiring an additional 217 shares during the last quarter. Atomi Financial Group Inc. grew its position in Roblox by 0.7% in the fourth quarter. Atomi Financial Group Inc. now owns 137,642 shares of the company’s stock worth $7,964,000 after acquiring an additional 984 shares in the last quarter. Ballentine Partners LLC increased its stake in Roblox by 172.3% in the fourth quarter. Ballentine Partners LLC now owns 77,315 shares of the company’s stock valued at $4,473,000 after acquiring an additional 48,919 shares during the last quarter. Finally, Kera Capital Partners Inc. purchased a new stake in Roblox during the fourth quarter valued at about $1,026,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on RBLX shares. Needham & Company LLC increased their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler lifted their price target on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley boosted their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Canaccord Genuity Group increased their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Benchmark boosted their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and an average target price of $57.48.

Roblox Stock Performance

Roblox stock opened at $67.00 on Friday. The stock’s 50 day moving average is $58.44 and its 200 day moving average is $48.53. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $67.43. 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 (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.45) EPS. Roblox’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 200,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the sale, the director now owns 4,707,579 shares of the company’s stock, valued at $236,932,451.07. This trade represents a 4.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 3,601 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $49.32, for a total transaction of $177,601.32. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,417,812 shares of company stock worth $80,070,173. Corporate insiders own 22.15% of the company’s stock.

Roblox 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.