Leonteq Securities AG grew its position in Roblox Corporation (NYSE:RBLX – Free Report) by 149.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,332 shares of the company’s stock after buying an additional 27,128 shares during the quarter. Leonteq Securities AG’s holdings in Roblox were worth $2,564,000 at the end of the most recent quarter
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Other institutional investors have also made changes to their positions in the company. Cypress Wealth Services LLC acquired a new stake in Roblox during the 4th quarter valued at $2,373,000. Yarbrough Capital LLC boosted its position in shares of Roblox by 1,514.5% in the fourth quarter. Yarbrough Capital LLC now owns 57,331 shares of the company’s stock worth $4,646,000 after buying an additional 53,780 shares during the period. Glynn Capital Management LLC acquired a new stake in shares of Roblox in the fourth quarter worth $5,706,000. Steadview Capital Management LLC purchased a new position in shares of Roblox during the fourth quarter valued at $12,884,000. Finally, Norges Bank purchased a new position in shares of Roblox during the fourth quarter valued at $435,424,000. 94.46% of the stock is owned by hedge funds and other institutional investors.
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Analyst Ratings Changes
Several research firms recently weighed in on RBLX. Oppenheimer started coverage on Roblox in a research report on Friday, May 1st. They set an “outperform” rating on the stock. TD Cowen upgraded Roblox from a “sell” rating to a “hold” rating and decreased their price objective for the stock from $54.00 to $49.00 in a research report on Friday, May 1st. Raymond James Financial started coverage on Roblox in a research note on Monday. They set a “market perform” rating on the stock. Roth Mkm set a $65.00 target price on Roblox in a report on Tuesday, May 5th. Finally, BMO Capital Markets raised shares of Roblox from an “outperform” rating to an “outperform” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.48.
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