Roblox Co. (NYSE:RBLX) shares bought by Advisors Asset Management Inc -

Advisors Asset Management Inc. increased its stake in Roblox Co. (NYSE:RBLX – Get Rating) stock by 18.4% in the second quarter, according to the company in its recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,708 shares of the company after purchasing an additional 732 shares during the period. Advisors Asset Management Inc.’s holdings in Roblox were worth $155,000 at the end of the last reporting period.

Several other institutional investors have also recently bought and sold shares in the company. Highlander Capital Management LLC acquired a new $25,000 stake in Roblox in Q1. FinTrust Capital Advisors LLC increased its stake in Roblox shares by 412.0% during the second quarter. FinTrust Capital Advisors LLC now owns 640 shares of the company’s stock valued at $25,000 after purchasing an additional 515 shares last quarter. 1832 Asset Management LP acquired a new stake in Roblox stock valued at approximately $32,000 during the first quarter. RE Dickinson Investment Advisors LLC acquired a new stake in Roblox stock valued at approximately $33,000 during the first quarter. Finally, Future Financial Wealth Management LLC increased its holdings in Roblox stock by 117.6% during the first quarter. Future Financial Wealth Management LLC now owns 925 shares of the company’s stock valued at $43,000, having purchased an additional 500 shares during the period. 69.35% of the shares are currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Barbara Messing sold 21,622 shares of the company’s stock in a transaction that took place on Monday, September 12. The stock sold at an average price of $45.04 for a total value of $973,854.88. Following the sale, the insider now owns 152,936 shares of the company’s stock valued at approximately $6,888,237.44. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other Roblox news, insider Craig Donato sold 7,713 shares of the company’s stock in a transaction on Wednesday, Aug. 24. The shares sold at an average price of $41.60 for a total value of $320,860.80. Upon closing of the transaction, the insider now owns 1,174,941 shares of the company, valued at approximately $48,877,545.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC’s website. Also, insider Barbara Messing sold 21,622 shares of the company’s stock in a transaction that took place on Monday, September 12. The shares sold at an average price of $45.04 for a total transaction of $973,854.88. Following the closing of the sale, the insider now owns 152,936 shares of the company’s stock valued at approximately $6,888,237.44. The disclosure for this sale can be found here. Over the past ninety days, insiders sold 37,947 shares of the company’s stock valued at $1,658,056. 28.22% of the shares are currently owned by insiders.

Roblox Stock Performance

NYSE RBLX shares opened at $30.77 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.33. The company’s 50-day moving average price is $39.04 and its 200-day moving average price is $37.55. Roblox Co. has a 52-week low of $21.65 and a 52-week high of $141.60. The stock has a market cap of $16.91 billion, a P/E of -23.31 and a beta of 1.87.

Changes in analyst ratings

A number of research firms have commented on RBLX. Citigroup lowered its target price on Roblox to $48.00 from $55.00 and gave the company a “buy” rating in a report Monday. Stifel Nicolaus lowered his price target on Roblox shares to $48.00 from $50.00 and gave the company a “buy” rating in a report on Tuesday, October 18. Needham & Company LLC lowered its price target on Roblox shares to $47.00 from $53.00 and ranked the company as “buy” in a research report on Thursday, November 10. Wedbush lowered its price target for Roblox to $33.00 from $36.00 in a research report on Wednesday, November 9th. Finally, Jefferies Financial Group lowered its target price on Roblox to $40.00 from $43.00 and gave the company a “hold” rating in a report on Friday, October 14. Five analysts have rated the company’s stock with a sell rating, nine with a hold rating and nine with a buy rating. Based on data from MarketBeat.com, Roblox currently has an average rating of Hold and a consensus price target of $40.96.

About Roblox

(received rating)

Roblox Corporation develops and operates an online entertainment platform. The Company offers Roblox Studio, a free toolset that allows developers and creators to create, publish, and operate 3D experiences and other content; Roblox Client, an application that allows users to explore the 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human interaction platform.