Toronto Dominion Bank Has $1.67 Million Stake in Roblox Co. (NYSE:RBLX)

Toronto Dominion Bank increased its position in Roblox Co. (NYSE:RBLX) by 9.0% in the 2nd quarter, Holdings Channel reports. The firm owned 44,759 shares of the company’s stock after buying an additional 3,696 shares during the quarter. Toronto Dominion Bank’s holdings in Roblox were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its holdings in shares of Roblox by 2.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock worth $2,318,000 after buying an additional 1,419 shares in the last quarter. Kodai Capital Management LP acquired a new position in Roblox during the fourth quarter worth $6,805,000. SteelPeak Wealth LLC lifted its holdings in shares of Roblox by 41.4% during the first quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock valued at $423,000 after acquiring an additional 3,247 shares during the period. Sei Investments Co. boosted its stake in shares of Roblox by 18.3% in the 1st quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock valued at $11,000,000 after purchasing an additional 44,557 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of Roblox by 62.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock worth $1,395,000 after purchasing an additional 14,348 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Trading Up 0.2 %

Roblox stock opened at $44.26 on Tuesday. The company has a market cap of $26.17 billion, a price-to-earnings ratio of -23.80 and a beta of 1.60. Roblox Co. has a one year low of $27.90 and a one year high of $48.43. The firm has a 50-day moving average of $42.43 and a 200-day moving average of $38.56. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.07. The company had revenue of $893.50 million during the quarter, compared to the consensus estimate of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The firm’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.46) EPS. On average, equities analysts expect that Roblox Co. will post -1.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 4,933 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at approximately $4,019,545.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total value of $620,750.00. Following the completion of the sale, the director now directly owns 9,662,103 shares of the company’s stock, valued at $461,365,418.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares in the company, valued at $4,019,545.95. The disclosure for this sale can be found here. Insiders sold a total of 792,341 shares of company stock worth $33,923,126 over the last quarter. 22.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. BTIG Research increased their price target on Roblox from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Wolfe Research initiated coverage on Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Wedbush reiterated an “outperform” rating and set a $46.00 price target on shares of Roblox in a research report on Monday, July 29th. Benchmark raised their price objective on shares of Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their target price on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus price target of $44.81.

Roblox Company 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.