50,368 Shares in Roblox Co. (NYSE:RBLX) Acquired by Aviva PLC

Posted by on Feb 26th, 2023

Aviva PLC acquired a new position in shares of Roblox Co. (NYSE:RBLX – Get Rating) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 50,368 shares of the company’s stock, valued at approximately $1,805,000.

Other hedge funds also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new stake in Roblox during the 1st quarter worth approximately $32,000. Truvestments Capital LLC acquired a new stake in Roblox during the 2nd quarter worth approximately $35,000. CoreCap Advisors LLC acquired a new stake in Roblox during the 2nd quarter worth approximately $36,000. Salem Investment Counselors Inc. lifted its position in Roblox by 125.4% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,258 shares of the company’s stock worth $45,000 after acquiring an additional 700 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its position in Roblox by 9,280.0% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,407 shares of the company’s stock worth $46,000 after acquiring an additional 1,392 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Craig Donato sold 2,000 shares of Roblox stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $37.48, for a total value of $74,960.00. Following the completion of the sale, the insider now owns 1,150,491 shares of the company’s stock, valued at $43,120,402.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Mark Reinstra sold 12,500 shares of Roblox stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $36.99, for a total value of $462,375.00. Following the transaction, the insider now owns 231,990 shares in the company, valued at $8,581,310.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Donato sold 2,000 shares of Roblox stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $37.48, for a total value of $74,960.00. Following the completion of the transaction, the insider now owns 1,150,491 shares in the company, valued at approximately $43,120,402.68. The disclosure for this sale can be found here. Insiders sold a total of 61,044 shares of company stock valued at $2,281,985 over the last quarter. Company insiders own 28.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RBLX shares. Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $45.00 to $55.00 in a research report on Thursday, February 16th. JPMorgan Chase & Co. cut Roblox from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $53.00 to $35.00 in a report on Thursday, November 10th. Stifel Nicolaus reduced their price target on Roblox from $44.00 to $40.00 in a report on Tuesday, January 10th. MKM Partners reduced their price target on Roblox from $40.00 to $35.00 in a report on Friday, November 11th. Finally, Piper Sandler raised their price target on Roblox from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, February 16th. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Roblox currently has an average rating of “Hold” and a consensus price target of $37.42.

Roblox Stock Performance

Roblox stock opened at $36.96 on Friday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a fifty day moving average of $34.00 and a two-hundred day moving average of $36.79. Roblox Co. has a fifty-two week low of $21.65 and a fifty-two week high of $53.88.

Roblox (NYSE:RBLX – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The company reported ($0.48) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.07. The company had revenue of $899.40 million during the quarter, compared to the consensus estimate of $884.71 million. Roblox had a negative return on equity of 179.65% and a negative net margin of 41.54%. Roblox’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.25) earnings per share. As a group, analysts forecast that Roblox Co. will post -1.84 earnings per share for the current fiscal year.

Roblox Company Profile

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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