Roblox Co. (NYSE:RBLX) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Roblox Co. (NYSE:RBLX) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,015,344 shares of the company’s stock after acquiring an additional 117,515 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.33% of Roblox worth $89,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in Roblox by 31.9% in the first quarter. Advisors Asset Management Inc. now owns 2,780 shares of the company’s stock valued at $106,000 after buying an additional 672 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Roblox by 22.7% during the 1st quarter. Janus Henderson Group PLC now owns 49,520 shares of the company’s stock worth $1,890,000 after purchasing an additional 9,159 shares during the period. California State Teachers Retirement System grew its position in Roblox by 0.8% during the 1st quarter. California State Teachers Retirement System now owns 669,967 shares of the company’s stock worth $25,579,000 after purchasing an additional 5,621 shares during the last quarter. Swedbank AB acquired a new position in Roblox in the first quarter valued at $2,024,000. Finally, Cetera Advisors LLC raised its holdings in shares of Roblox by 45.2% in the first quarter. Cetera Advisors LLC now owns 17,279 shares of the company’s stock valued at $660,000 after buying an additional 5,377 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Roblox Price Performance

Roblox stock opened at $49.37 on Thursday. The firm has a market capitalization of $29.99 billion, a PE ratio of -30.10 and a beta of 1.56. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $55.10. The firm’s 50-day simple moving average is $46.21 and its 200 day simple moving average is $41.27. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted ($0.45) EPS. On average, equities research analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RBLX shares. Macquarie raised their price target on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their target price on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Benchmark boosted their price objective on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Wedbush restated an “outperform” rating and issued a $49.00 target price on shares of Roblox in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 3,601 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the sale, the chief accounting officer now directly owns 81,407 shares of the company’s stock, valued at approximately $4,014,993.24. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 200,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the transaction, the director now owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,013,607 shares of company stock valued at $48,434,122 over the last quarter. 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.