California Public Employees Retirement System Has $46.50 Million Position in Roblox Co. (NYSE:RBLX)

California Public Employees Retirement System lessened its holdings in Roblox Co. (NYSE:RBLX) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 803,641 shares of the company’s stock after selling 42,502 shares during the period. California Public Employees Retirement System owned approximately 0.13% of Roblox worth $46,499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its stake in shares of 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 in the last quarter. ValueAct Holdings L.P. boosted its position in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after buying an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after buying an additional 4,406,885 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after buying an additional 3,507,901 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Roblox in the fourth quarter valued at approximately $167,211,000. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

Shares of Roblox stock opened at $61.05 on Wednesday. The stock’s fifty day simple moving average is $62.97 and its 200 day simple moving average is $55.76. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a market capitalization of $37.79 billion, a PE ratio of -42.10 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share 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%. On average, research analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity

In other Roblox news, CEO David Baszucki sold 34,099 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the completion of the transaction, the chief executive officer now owns 221,983 shares in the company, valued at approximately $12,664,130.15. This represents a 13.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares in the company, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 926,466 shares of company stock worth $60,212,297 over the last quarter. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Benchmark restated a “buy” rating and set a $71.00 target price on shares of Roblox in a report on Tuesday, March 18th. Macquarie lifted their price target on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. Finally, CICC Research assumed coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.23.

Roblox 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.