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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.

See also

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Roblox Co. (NYSE:RBLX – Get Rating).

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)



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