Rhumbline Advisers Purchases 12,559 Shares of Roblox Co. (NYSE:RBLX)

Rhumbline Advisers raised its position in shares of Roblox Co. (NYSE:RBLX) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 748,575 shares of the company’s stock after acquiring an additional 12,559 shares during the quarter. Rhumbline Advisers owned about 0.12% of Roblox worth $43,312,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Roblox during the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC grew its position in shares of Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the period. Versant Capital Management Inc increased its stake in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. Huntington National Bank lifted its position in shares of Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after acquiring an additional 770 shares during the period. Finally, True Wealth Design LLC boosted its stake in Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock worth $60,000 after acquiring an additional 1,355 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Up 1.7 %

RBLX opened at $66.62 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a 50 day moving average of $63.64 and a 200 day moving average of $51.82. The company has a market cap of $40.48 billion, a PE ratio of -45.95 and a beta of 1.46.

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

Insider Activity

In other news, Director Anthony P. Lee sold 250,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the sale, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Baszucki sold 333,334 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the transaction, the chief executive officer now owns 129,295 shares in the company, valued at approximately $7,409,896.45. This represents a 72.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,120,348 shares of company stock valued at $68,517,456. 22.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on RBLX. The Goldman Sachs Group lifted their price target on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. CICC Research started coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. Canaccord Genuity Group raised their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

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.