Intellectus Partners LLC Sells 7,900 Shares of Roblox Co. (NYSE:RBLX)

Intellectus Partners LLC trimmed its stake in Roblox Co. (NYSE:RBLX) by 52.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,165 shares of the company’s stock after selling 7,900 shares during the period. Intellectus Partners LLC’s holdings in Roblox were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Global Retirement Partners LLC raised its stake in shares of Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after acquiring an additional 320 shares during the last quarter. Independent Advisor Alliance grew its holdings in shares of Roblox by 3.1% during the third quarter. Independent Advisor Alliance now owns 11,851 shares of the company’s stock worth $343,000 after buying an additional 352 shares in the last quarter. Signaturefd LLC lifted its position in shares of Roblox by 9.3% in the third quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock worth $119,000 after purchasing an additional 352 shares in the last quarter. Sepio Capital LP increased its stake in Roblox by 3.0% in the 3rd quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock valued at $374,000 after buying an additional 382 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Roblox by 0.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after buying an additional 458 shares in the last quarter. 91.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RBLX shares. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and lifted their target price for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. Wedbush increased their price objective on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Stifel Nicolaus restated a “buy” rating and set a $53.00 target price on shares of Roblox in a report on Monday, April 22nd. BMO Capital Markets boosted their price objective on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded Roblox from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $41.00 to $48.00 in a research note on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average price target of $47.60.

Roblox Price Performance

Shares of NYSE:RBLX opened at $36.01 on Monday. The firm has a 50 day moving average of $38.53 and a 200-day moving average of $39.11. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The stock has a market capitalization of $22.75 billion, a PE ratio of -19.26 and a beta of 1.64.

Roblox (NYSE:RBLX) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.48) earnings per share. On average, equities research analysts predict that Roblox Co. will post -2.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 12,531 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total transaction of $510,638.25. Following the sale, the insider now owns 249,779 shares of the company’s stock, valued at $10,178,494.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Mark Reinstra sold 12,531 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.75, for a total transaction of $510,638.25. Following the sale, the insider now owns 249,779 shares of the company’s stock, valued at approximately $10,178,494.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory Baszucki sold 13,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $35.08, for a total value of $456,040.00. Following the sale, the director now owns 9,747,603 shares in the company, valued at approximately $341,945,913.24. The disclosure for this sale can be found here. Insiders sold a total of 712,374 shares of company stock worth $29,639,338 in the last three months. 22.15% of the stock is owned by corporate 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.