Capital Wealth Planning LLC Raises Stock Position in Roblox Corporation $RBLX

Capital Wealth Planning LLC boosted its position in Roblox Corporation (NYSE:RBLX) by 113.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,090 shares of the company’s stock after purchasing an additional 12,824 shares during the quarter. Capital Wealth Planning LLC’s holdings in Roblox were worth $3,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of Roblox by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after purchasing an additional 231 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Roblox by 70.2% in the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after purchasing an additional 5,363 shares during the period. Atria Investments Inc purchased a new stake in shares of Roblox in the second quarter worth $217,000. Los Angeles Capital Management LLC bought a new stake in Roblox during the second quarter valued at $285,000. Finally, Illinois Municipal Retirement Fund boosted its stake in Roblox by 99.6% during the second quarter. Illinois Municipal Retirement Fund now owns 27,452 shares of the company’s stock valued at $2,888,000 after buying an additional 13,696 shares during the period. 94.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research analyst reports. Oppenheimer decreased their target price on Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Jefferies Financial Group set a $85.00 price target on Roblox in a research report on Thursday, January 15th. B. Riley Financial began coverage on Roblox in a report on Tuesday, December 9th. They set a “buy” rating and a $125.00 price objective for the company. BTIG Research restated a “buy” rating and issued a $141.00 price objective on shares of Roblox in a research report on Friday, February 6th. Finally, Canaccord Genuity Group lowered their target price on shares of Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $117.35.

Insider Buying and Selling

In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total transaction of $2,732,630.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 7,000 shares of Roblox stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total transaction of $577,150.00. Following the transaction, the director directly owned 256,768 shares in the company, valued at $21,170,521.60. This trade represents a 2.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 703,144 shares of company stock worth $51,681,640 over the last ninety days. Corporate insiders own 12.92% of the company’s stock.

Roblox Trading Up 0.2%

NYSE RBLX opened at $56.42 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock’s 50-day simple moving average is $69.85 and its two-hundred day simple moving average is $97.63. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The company has a market capitalization of $37.33 billion, a price-to-earnings ratio of -36.40 and a beta of 1.62.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.33) EPS. Research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.