Colonial Trust Co SC Takes Position in Roblox Co. (NYSE:RBLX)

by · The Cerbat Gem

Colonial Trust Co SC purchased a new position in shares of Roblox Co. (NYSE:RBLX – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 711 shares of the company’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its position in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares during the period. Rakuten Securities Inc. grew its holdings in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 633 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after buying an additional 271 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Roblox by 2,955.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock valued at $71,000 after buying an additional 1,182 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 12,000 shares of Roblox stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $71.83, for a total value of $861,960.00. Following the completion of the transaction, the insider now directly owns 352,244 shares of the company’s stock, valued at $25,301,686.52. The trade was a 3.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares in the company, valued at $27,502,189.26. This represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,164,386 shares of company stock valued at $146,492,013 over the last quarter. 22.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on RBLX shares. Oppenheimer upped their price objective on shares of Roblox from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Morgan Stanley reduced their price target on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Roblox in a report on Friday, May 2nd. Benchmark increased their target price on Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company boosted their price target on Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average target price of $67.91.

Read Our Latest Research Report on RBLX

Roblox Stock Up 2.6 %

Shares of NYSE:RBLX opened at $71.89 on Friday. The company has a market capitalization of $45.18 billion, a price-to-earnings ratio of -49.58 and a beta of 1.46. Roblox Co. has a 12-month low of $30.56 and a 12-month high of $75.74. The business has a 50-day moving average price of $60.65 and a 200 day moving average price of $59.42. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned ($0.43) earnings per share. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. Sell-side analysts expect that Roblox Co. will post -1.49 EPS 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 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.

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