Unique Wealth Strategies LLC Invests $286,000 in Roblox Co. (NYSE:RBLX)

Unique Wealth Strategies LLC acquired a new stake in Roblox Co. (NYSE:RBLX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,264 shares of the company’s stock, valued at approximately $286,000.

Several other large investors also recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Roblox by 171.8% in the third quarter. Barclays PLC now owns 1,086,243 shares of the company’s stock valued at $31,457,000 after buying an additional 686,594 shares during the period. Aviva PLC boosted its holdings in Roblox by 202.5% in the 3rd quarter. Aviva PLC now owns 195,411 shares of the company’s stock valued at $5,659,000 after purchasing an additional 130,818 shares during the period. Morgan Stanley grew its position in shares of Roblox by 13.7% during the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after purchasing an additional 4,927,848 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Roblox by 29.0% during the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock valued at $1,291,414,000 after purchasing an additional 10,025,779 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Roblox during the 3rd quarter valued at $6,415,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and set a $50.00 price target on shares of Roblox in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. raised shares of Roblox from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $48.00 in a report on Tuesday, April 23rd. Barclays raised shares of Roblox from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Needham & Company LLC lifted their price objective on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 price objective on shares of Roblox in a report on Monday, April 22nd. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.60.

Insider Activity

In other news, CFO Michael Guthrie sold 10,972 shares of Roblox stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $445,902.08. Following the transaction, the chief financial officer now owns 233,629 shares of the company’s stock, valued at approximately $9,494,682.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00. Following the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $44.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Guthrie sold 10,972 shares of Roblox stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $445,902.08. Following the completion of the transaction, the chief financial officer now directly owns 233,629 shares in the company, valued at approximately $9,494,682.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 712,374 shares of company stock worth $29,639,338. 22.15% of the stock is currently owned by corporate insiders.

Roblox Stock Up 1.4 %

Shares of NYSE:RBLX traded up $0.48 during trading hours on Friday, hitting $36.01. The company’s stock had a trading volume of 3,746,578 shares, compared to its average volume of 6,069,188. Roblox Co. has a 52 week low of $24.88 and a 52 week high of $47.20. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $21.28 billion, a price-to-earnings ratio of -19.26 and a beta of 1.63. The firm’s fifty day moving average price is $38.53 and its 200 day moving average price is $39.06.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business posted ($0.48) EPS. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. As a group, research analysts expect that Roblox Co. will post -2.09 EPS for the current year.

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.