Frazier Financial Advisors LLC Purchases 624 Shares of Roblox Co. (NYSE:RBLX)

Frazier Financial Advisors LLC lifted its position in Roblox Co. (NYSE:RBLX) by 20,800.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 627 shares of the company’s stock after buying an additional 624 shares during the period. Frazier Financial Advisors LLC’s holdings in Roblox were worth $28,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC lifted its position in Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after purchasing an additional 245 shares during the period. Swedbank AB lifted its position in Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after purchasing an additional 285 shares during the period. Metis Global Partners LLC lifted its position in Roblox by 5.0% during the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after purchasing an additional 288 shares during the period. Thrive Wealth Management LLC lifted its position in Roblox by 4.3% during the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after purchasing an additional 300 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in Roblox by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock valued at $296,000 after purchasing an additional 321 shares during the period. Institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Macquarie upped their target price on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Needham & Company LLC upped their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Morgan Stanley raised shares of Roblox from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $38.00 to $65.00 in a report on Monday, November 4th. Finally, Roth Mkm upped their target price on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 6,499 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $262,234.65. Following the completion of the sale, the chief executive officer now owns 135,761 shares in the company, valued at approximately $5,477,956.35. This trade represents a 4.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 17,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $40.47, for a total transaction of $687,990.00. Following the completion of the sale, the insider now owns 342,656 shares of the company’s stock, valued at $13,867,288.32. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 987,373 shares of company stock worth $44,831,579 over the last 90 days. 22.15% of the stock is owned by insiders.

Roblox Trading Down 3.8 %

Shares of NYSE:RBLX opened at $50.73 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day moving average price of $45.43 and a 200 day moving average price of $40.53. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $55.10.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business earned ($0.45) earnings per share. Roblox’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that Roblox Co. will post -1.56 EPS for the current fiscal year.

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.