Lincoln National Corp Sells 1,746 Shares of Roblox Co. (NYSE:RBLX)

Lincoln National Corp trimmed its holdings in Roblox Co. (NYSE:RBLX) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,669 shares of the company’s stock after selling 1,746 shares during the period. Lincoln National Corp’s holdings in Roblox were worth $2,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its position in shares of Roblox by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock worth $202,000 after buying an additional 320 shares during the period. Signaturefd LLC raised its holdings in Roblox by 9.3% during the third quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock worth $119,000 after acquiring an additional 352 shares in the last quarter. Sepio Capital LP raised its holdings in Roblox by 3.0% during the third quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock worth $374,000 after acquiring an additional 382 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Roblox by 0.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,996 shares of the company’s stock worth $4,297,000 after acquiring an additional 458 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Roblox during the fourth quarter worth about $25,000. 91.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RBLX. Stifel Nicolaus reiterated a “buy” rating and set a $53.00 target price on shares of Roblox in a report on Monday, April 22nd. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $26.00 to $46.00 in a research note on Thursday, February 8th. Wedbush upped their price objective on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Benchmark restated a “buy” rating and issued a $50.00 price objective on shares of Roblox in a research note on Tuesday, April 23rd. 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 research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.60.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.09, for a total transaction of $8,818,000.00. Following the transaction, the chief executive officer now owns 1 shares in the company, valued at $44.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $40.68, for a total transaction of $1,220,400.00. Following the completion of the transaction, the chief financial officer now owns 396,709 shares in the company, valued at approximately $16,138,122.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 200,000 shares of Roblox stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.09, for a total transaction of $8,818,000.00. Following the transaction, the chief executive officer now directly owns 1 shares in the company, valued at $44.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 712,374 shares of company stock valued at $29,639,338. 22.15% of the stock is currently owned by corporate insiders.

Roblox Price Performance

Shares of RBLX stock traded down $0.89 during trading hours on Wednesday, reaching $39.65. The company’s stock had a trading volume of 1,933,544 shares, compared to its average volume of 7,330,833. The firm’s 50 day simple moving average is $38.03 and its 200-day simple moving average is $39.39. The company has a market capitalization of $25.04 billion, a price-to-earnings ratio of -21.68 and a beta of 1.63. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last issued its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate 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 revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.48) EPS. Sell-side analysts forecast that Roblox Co. will post -2.09 earnings per share for the current 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.