Roblox Co. (NYSE:RBLX) Stock Holdings Increased by Fmr LLC

Fmr LLC grew its position in shares of Roblox Co. (NYSE:RBLX) by 89.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,658,528 shares of the company’s stock after buying an additional 18,715,837 shares during the period. Fmr LLC owned about 6.53% of Roblox worth $2,294,642,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RBLX. Vanguard Group Inc. lifted its stake in Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock worth $3,080,449,000 after purchasing an additional 462,450 shares during the last quarter. Wealthfront Advisers LLC lifted its position 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 worth $1,063,365,000 after buying an additional 17,312,325 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of 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 buying an additional 3,507,901 shares during the period. State Street Corp grew its position in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after buying an additional 240,565 shares during the last quarter. Finally, ValueAct Holdings L.P. raised its stake in Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after acquiring an additional 7,835,921 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 50,000 shares of Roblox stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the completion of the sale, the insider now owns 281,161 shares of the company’s stock, valued at $18,269,841.78. This trade represents a 15.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the sale, the chief executive officer now directly owns 129,301 shares of the company’s stock, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 947,666 shares of company stock valued at $61,513,341. Company insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

RBLX has been the subject of several recent research reports. Wedbush reaffirmed an “outperform” rating and set a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Moffett Nathanson lowered Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research report on Friday, February 7th. Macquarie boosted their price target on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Finally, Roth Mkm boosted 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.23.

Roblox Stock Down 9.2 %

Shares of Roblox stock opened at $52.84 on Friday. 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 Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The firm has a market capitalization of $32.71 billion, a PE ratio of -36.44 and a beta of 1.49. The stock’s fifty day moving average is $62.42 and its 200-day moving average is $55.93.

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 return on equity of 665.98% and a negative net margin of 25.97%. Equities analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

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.