Toronto Dominion Bank Purchases 4,384 Shares of Roblox Co. (NYSE:RBLX)

Toronto Dominion Bank grew its stake in Roblox Co. (NYSE:RBLX) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,476 shares of the company’s stock after buying an additional 4,384 shares during the quarter. Toronto Dominion Bank’s holdings in Roblox were worth $3,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RBLX. Vanguard Group Inc. grew its position in Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock valued at $3,080,449,000 after purchasing an additional 462,450 shares in the last quarter. FMR LLC lifted its stake in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after acquiring an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in shares of Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after buying an additional 3,507,901 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Roblox by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company’s stock worth $495,564,000 after buying an additional 246,610 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price target on shares of Roblox from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Benchmark raised their target price on shares of Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Citigroup lifted their price target on shares of Roblox from $78.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 2nd. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Finally, Barclays lifted their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 4,090 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $61.30, for a total value of $250,717.00. Following the completion of the sale, the chief accounting officer now owns 71,493 shares in the company, valued at $4,382,520.90. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anthony P. Lee sold 14,000 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $82.45, for a total transaction of $1,154,300.00. Following the completion of the transaction, the director now directly owns 293,728 shares in the company, valued at $24,217,873.60. This trade represents a 4.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,530,764 shares of company stock worth $176,069,276. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Up 0.8%

Roblox stock opened at $81.77 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $31.59 and a 12-month high of $83.04. The firm’s fifty day moving average is $64.73 and its 200 day moving average is $61.57. The company has a market capitalization of $51.51 billion, a PE ratio of -56.39 and a beta of 1.46.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Roblox’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.43) EPS. As a group, sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Roblox Company 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.