Roblox Co. (NYSE:RBLX) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in shares of Roblox Co. (NYSE:RBLX) by 34.3% during the third quarter, HoldingsChannel reports. The firm owned 60,092 shares of the company’s stock after buying an additional 15,333 shares during the period. Toronto Dominion Bank’s holdings in Roblox were worth $2,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RBLX. Impact Partnership Wealth LLC raised its holdings in shares of Roblox by 3.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after buying an additional 245 shares during the period. Swedbank AB grew its position in Roblox by 0.5% in the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after acquiring an additional 285 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of 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. Oppenheimer & Co. Inc. lifted its position in shares of Roblox by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Roblox by 0.3% in the third quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock valued at $6,048,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RBLX shares. Citigroup lifted their price target on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barclays boosted their price target on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Piper Sandler raised their price objective on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price objective on Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Roblox Stock Performance

Shares of RBLX stock opened at $59.60 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The business has a 50 day moving average of $48.88 and a two-hundred day moving average of $43.30. The company has a market cap of $36.21 billion, a P/E ratio of -36.34 and a beta of 1.50. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $61.05.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.45) EPS. As a group, analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 333,334 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the transaction, the chief executive officer now owns 129,295 shares in the company, valued at approximately $7,409,896.45. This represents a 72.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total value of $10,066,000.00. Following the sale, the director now directly owns 4,707,579 shares in the company, valued at approximately $236,932,451.07. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,457,267 shares of company stock valued at $74,422,648 in the last quarter. Company insiders own 22.15% of the company’s stock.

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.