Chicago Partners Investment Group LLC Takes Position in Roblox Co. (NYSE:RBLX)

Chicago Partners Investment Group LLC purchased a new position in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,852 shares of the company’s stock, valued at approximately $363,000.

A number of other large investors also recently bought and sold shares of the business. ValueAct Holdings L.P. boosted its stake in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. FMR LLC grew its holdings in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Roblox during the third quarter valued at approximately $107,491,000. Two Sigma Advisers LP raised its holdings in Roblox by 32.9% in the 3rd quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock worth $259,576,000 after acquiring an additional 1,452,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Roblox by 195.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,852,131 shares of the company’s stock valued at $81,975,000 after purchasing an additional 1,226,072 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of research analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Benchmark lifted their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays raised their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Citigroup increased their price target on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.05.

Roblox Trading Up 4.4 %

Shares of RBLX stock opened at $73.82 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a market capitalization of $44.85 billion, a price-to-earnings ratio of -45.01 and a beta of 1.43. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $73.86. The stock’s 50-day moving average price is $61.26 and its 200-day moving average price is $50.15.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 333,334 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the transaction, the chief executive officer now owns 129,295 shares of the company’s stock, valued at approximately $7,409,896.45. This trade represents a 72.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00. Following the sale, the insider now directly owns 281,161 shares in the company, valued at $18,525,698.29. The trade was a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,306,335 shares of company stock valued at $77,348,316 in the last quarter. 22.15% of the stock is currently owned by insiders.

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.