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Roblox Co. (NYSE:RBLX) shares sold by Vontobel Holding Ltd.


Vontobel Holding Ltd. reduced its stake in Roblox Co. (NYSE:RBLX – Free Report) during the fourth quarter by 85.4%, HoldingsChannel reports. The company owned 18,592 shares of the company’s stock after selling 108,496 shares during the period. The interests of Vontobel Holding Ltd. in Roblox were worth $850,000 at the end of the most recent quarter.

A number of other institutional investors have also been buying and selling shares of the stock recently. AlphaQ Advisors LLC increased its stake in Roblox by 1.0% in the first quarter. AlphaQ Advisors LLC now owns 27,304 shares of the company’s stock worth $1,228,000 after purchasing an additional 279 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Roblox by 7.4% in the first quarter. Wetherby Asset Management Inc. now owns 4,366 shares of the company worth $202,000, after purchasing an additional 300 shares in the last quarter. Gladstone Institutional Advisory LLC increased its stake in Roblox by 3.3% in the first quarter. Gladstone Institutional Advisory LLC now owns 9,408 shares of the company’s stock worth $423,000 after purchasing an additional 301 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Roblox by 7.8% in the 4th quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after purchasing an additional 320 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in Roblox by 3.0% in the first quarter. EP Wealth Advisors LLC now owns 11,902 shares of the company’s stock worth $550,000 after purchasing an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s shares.

Buying and selling with insider information

In related news, insider Mark Reinstra sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17. The stock sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the sale, the insider now directly owns 359,453 shares in the company, valued at approximately $13,188,330.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Mark Reinstra sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock sold at an average price of $36.69, for a total transaction of $146,760.00. Following the completion of the transaction, the insider now directly owns 359,453 shares in the company, valued at $13,188,330.57. The sale was disclosed in a filing with the SEC, which can be accessed via this link. Also, CAO Amy Marie Rawlings sold 3,777 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock sold at an average price of $40.64, for a total value of $153,497.28. Following the transaction, the Chief Accounting Officer now owns 96,125 shares of the company’s stock, valued at $3,906,520. The explanation of this sale can be found here. Over the last ninety days, insiders have sold 707,707 company shares worth $29,526,367. Currently, 22.15% of the shares are owned by insiders.

Changes in analyst ratings

Several research firms have given their opinions on RBLX. Wedbush raised their price target on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, February 8. Roth Mkm raised their target price on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8. Benchmark reaffirmed a “buy” rating and set a $46.00 target price on shares of Roblox in a research note on Tuesday, January 23. Needham & Company LLC raised their target price on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8. Finally, The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and increased their price target for the company from $35.00 to $48.00 in a research note on Thursday, February 8th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus price target of $46.25.

Check out our latest report on Roblox

Roblox shares fell 0.6%

RBLX opened at $35.34 on Monday. The company has a 50-day moving average of $39.32 and a 200-day moving average of $38.94. Roblox Co. has a 12-month low of $24.88 and a 12-month high of $47.20. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07.

Roblox (NYSE:RBLX – Get Free Report) last posted its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned ($0.48) earnings per share. The company’s revenue for the quarter rose 25.3% year over year. Research analysts predict that Roblox Co. will post -2.1 earnings per share for the current year.

Roblox Company Profile

(Free report)

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 the 3D experience; and Roblox Cloud, which provides services and infrastructure that powers the platform.

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Want to see which other hedge funds own RBLX? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Roblox Co. (NYSE:RBLX – Free Report).

Quarterly Institutional Ownership for Roblox (NYSE:RBLX)



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