Roblox Co. (NYSE:RBLX) Position Trimmed by S&CO Inc.

S&CO Inc. trimmed its holdings in shares of Roblox Co. (NYSE:RBLX) by 58.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,940 shares of the company’s stock after selling 23,845 shares during the period. S&CO Inc.’s holdings in Roblox were worth $980,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Independent Advisor Alliance boosted its holdings in Roblox by 23.6% during the fourth quarter. Independent Advisor Alliance now owns 11,178 shares of the company’s stock worth $647,000 after buying an additional 2,132 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Roblox by 10.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 61,192 shares of the company’s stock worth $3,541,000 after purchasing an additional 5,953 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Roblox by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,665 shares of the company’s stock worth $5,940,000 after purchasing an additional 2,178 shares in the last quarter. Amundi grew its position in Roblox by 111.4% during the 4th quarter. Amundi now owns 3,191,137 shares of the company’s stock worth $198,010,000 after purchasing an additional 1,681,263 shares in the last quarter. Finally, Machina Capital S.A.S. purchased a new position in Roblox during the 4th quarter worth approximately $595,000. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RBLX shares. The Goldman Sachs Group lifted their target price 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. Wedbush reissued an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. Roth Mkm lifted their target price on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Needham & Company LLC lifted their target price on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Morgan Stanley lifted their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Insider Transactions at Roblox

In related news, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the sale, the insider now owns 278,161 shares of the company’s stock, valued at $16,620,119.75. The trade was a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 961,255 shares of company stock worth $62,394,678. 22.15% of the stock is currently owned by company insiders.

Roblox Stock Performance

NYSE:RBLX opened at $53.77 on Tuesday. The firm’s 50-day moving average is $64.14 and its 200-day moving average is $54.14. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market cap of $33.28 billion, a price-to-earnings ratio of -37.08 and a beta of 1.49.

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

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.