AustralianSuper Pty Ltd Grows Position in Roblox Co. (NYSE:RBLX)

AustralianSuper Pty Ltd boosted its holdings in Roblox Co. (NYSE:RBLX) by 18.0% in the 4th quarter, HoldingsChannel reports. The fund owned 18,067 shares of the company’s stock after acquiring an additional 2,755 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Roblox were worth $1,045,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RBLX. Versant Capital Management Inc grew its holdings in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Roblox in the third quarter valued at $27,000. Frazier Financial Advisors LLC grew its holdings in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. Huntington National Bank grew its holdings in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the transaction, the chief financial officer now directly owns 417,079 shares of the company’s stock, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 3,601 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the transaction, the chief accounting officer now directly owns 81,407 shares in the company, valued at $4,014,993.24. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,287,014 shares of company stock valued at $76,969,089. Corporate insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RBLX. Wedbush reissued an “outperform” rating and issued a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Barclays decreased their price objective on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective on the stock. Needham & Company LLC increased their price objective on Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Stock Performance

Roblox stock opened at $66.62 on Friday. The stock’s 50-day moving average is $63.45 and its 200-day moving average is $51.56. The company has a market cap of $40.48 billion, a price-to-earnings ratio of -45.95 and a beta of 1.46. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. Equities analysts anticipate that Roblox Co. will post -1.4 earnings per share for the current year.

About Roblox

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.