National Pension Service Has $45.72 Million Position in Roblox Co. (NYSE:RBLX)

National Pension Service reduced its stake in Roblox Co. (NYSE:RBLX) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 790,100 shares of the company’s stock after selling 58,300 shares during the period. National Pension Service owned 0.13% of Roblox worth $45,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RBLX. Frazier Financial Advisors LLC grew its stake in shares of 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 acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of 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 acquiring an additional 239 shares in the last quarter. Huntington National Bank grew its stake in shares of 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 acquiring an additional 770 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Roblox by 33,875.0% in the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after acquiring an additional 1,355 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 271 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBLX has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Benchmark upped their price target on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Roblox Stock Up 1.1 %

RBLX stock opened at $60.43 on Friday. The stock has a market capitalization of $37.41 billion, a P/E ratio of -41.68 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The firm has a 50-day moving average price of $64.04 and a 200-day moving average price of $52.99.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Activity

In other news, insider Manuel Bronstein sold 44,888 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total value of $2,693,728.88. Following the completion of the transaction, the insider now owns 573,266 shares of the company’s stock, valued at $34,401,692.66. This represents a 7.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,160,553 shares of company stock valued at $71,809,407 over the last quarter. 22.15% of the stock is owned by company insiders.

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.