Bank of Nova Scotia cut its stake in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 25.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 348,545 shares of the company’s stock after selling 115,873 shares during the period. Bank of Nova Scotia owned 0.05% of Roblox worth $19,714,000 as of its most recent SEC filing.
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A number of other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Roblox by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after purchasing an additional 231 shares during the period. Sivia Capital Partners LLC lifted its position in Roblox by 70.2% during the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after buying an additional 5,363 shares in the last quarter. CW Advisors LLC purchased a new stake in Roblox during the second quarter worth approximately $272,000. Baird Financial Group Inc. increased its position in shares of Roblox by 1.4% in the second quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after acquiring an additional 102 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Roblox in the second quarter worth $438,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.
Roblox Price Performance
RBLX opened at $47.51 on Friday. The company has a fifty day simple moving average of $49.27 and a 200 day simple moving average of $57.97. The firm has a market cap of $31.91 billion, a price-to-earnings ratio of -30.07 and a beta of 1.41. Roblox Corporation has a twelve month low of $40.15 and a twelve month high of $150.59. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45.
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Roblox (NYSE:RBLX – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The firm’s revenue was up 43.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. Equities research analysts expect that Roblox Corporation will post -1.39 EPS for the current fiscal year.
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