Harvest Fund Management Co. Ltd Has $190,000 Holdings in Roblox Co. (NYSE:RBLX)

Harvest Fund Management Co. Ltd raised its stake in Roblox Co. (NYSE:RBLX) by 31,807.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,148 shares of the company’s stock after purchasing an additional 4,135 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Roblox were worth $190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Roblox by 29.0% in the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after purchasing an additional 10,025,779 shares during the period. Morgan Stanley raised its stake in Roblox by 13.7% during the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after acquiring an additional 4,927,848 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Roblox by 158.0% in the 3rd quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock worth $265,035,000 after purchasing an additional 5,604,995 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Roblox by 20.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,145,602 shares of the company’s stock valued at $235,897,000 after purchasing an additional 1,368,347 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Roblox by 123.5% in the third quarter. Artisan Partners Limited Partnership now owns 3,267,763 shares of the company’s stock valued at $94,634,000 after buying an additional 1,805,567 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on RBLX. Wedbush raised their price objective on shares of Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price objective on shares of Roblox in a research report on Monday. Needham & Company LLC increased their target price on Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Benchmark reaffirmed a “buy” rating and issued a $50.00 price target on shares of Roblox in a report on Tuesday. Finally, Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.60.

Roblox Stock Performance

Shares of Roblox stock opened at $34.03 on Thursday. The stock’s fifty day simple moving average is $38.84 and its 200 day simple moving average is $38.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The company has a market capitalization of $20.11 billion, a PE ratio of -18.70 and a beta of 1.63. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. Roblox’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.48) EPS. On average, research analysts predict that Roblox Co. will post -2.1 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, CFO Michael Guthrie sold 10,972 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $445,902.08. Following the completion of the transaction, the chief financial officer now directly owns 233,629 shares in the company, valued at $9,494,682.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Amy Marie Rawlings sold 3,777 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at $3,906,520. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 10,972 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $445,902.08. Following the transaction, the chief financial officer now owns 233,629 shares of the company’s stock, valued at approximately $9,494,682.56. The disclosure for this sale can be found here. Insiders have sold 699,374 shares of company stock valued at $29,183,298 in the last 90 days. 22.15% of the stock is currently owned by company insiders.

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.