Citizens Financial Group Inc. RI boosted its stake in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 227.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,921 shares of the company’s stock after buying an additional 18,701 shares during the period. Citizens Financial Group Inc. RI’s holdings in Roblox were worth $1,141,000 at the end of the most recent reporting period.
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A number of other large investors have also added to or reduced their stakes in RBLX. TD Waterhouse Canada Inc. grew its stake in shares of Roblox by 21.5% in the third quarter. TD Waterhouse Canada Inc. now owns 1,152 shares of the company’s stock worth $50,000 after acquiring an additional 204 shares during the last quarter. Stonekeep Investments LLC increased its holdings in shares of Roblox by 2.4% during the second quarter. Stonekeep Investments LLC now owns 9,070 shares of the company’s stock valued at $493,000 after acquiring an additional 213 shares in the last quarter. Activest Wealth Management raised its position in shares of Roblox by 72.9% in the 3rd quarter. Activest Wealth Management now owns 588 shares of the company’s stock worth $25,000 after purchasing an additional 248 shares during the last quarter. Basecamp Wealth Advisors LLC raised its position in shares of Roblox by 98.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 507 shares of the company’s stock worth $29,000 after purchasing an additional 252 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in shares of Roblox by 100.7% in the 1st quarter. Root Financial Partners LLC now owns 564 shares of the company’s stock worth $32,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.
Analyst Ratings Changes
RBLX has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Roblox from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, September 14th. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $40.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, October 14th. UBS Group upped their target price on shares of Roblox from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 14th. BTIG Research upped their target price on shares of Roblox from $30.00 to $41.00 and gave the stock a “sell” rating in a research note on Tuesday, September 15th. Finally, TD Cowen cut their price target on shares of Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Roblox currently has an average rating of “Hold” and an average target price of $57.22.
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