Atala Financial Inc Purchases New Shares in Roblox Co. (NYSE:RBLX)

Atala Financial Inc purchased a new stake in Roblox Co. (NYSE:RBLX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,111 shares of the company’s stock, valued at approximately $2,899,000. Roblox comprises about 2.0% of Atala Financial Inc’s holdings, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of RBLX. FMR LLC grew its stake in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after purchasing an additional 4,115,286 shares during the period. Wealthfront Advisers LLC grew its stake in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Ieq Capital LLC grew its stake in Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the period. State Street Corp grew its stake in Roblox by 2.3% in the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after purchasing an additional 240,565 shares during the period. Finally, ValueAct Holdings L.P. grew its stake in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Performance

NYSE:RBLX opened at $55.75 on Friday. The business’s 50-day moving average price is $63.99 and its two-hundred day moving average price is $54.24. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The stock has a market cap of $34.51 billion, a P/E ratio of -38.45 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its quarterly earnings data 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 665.98% and a negative net margin of 25.97%. As a group, equities analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the transaction, the director now directly owns 6,254,137 shares in the company, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 916,367 shares of company stock valued at $59,700,949. Corporate insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Macquarie upped their price objective on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. CICC Research began coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. Raymond James reiterated a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Wells Fargo & Company increased their price target on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.19.

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.