Federated Hermes Inc. Increases Stake in Roblox Co. (NYSE:RBLX)

Federated Hermes Inc. raised its position in shares of Roblox Co. (NYSE:RBLX) by 33.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,073,777 shares of the company’s stock after buying an additional 268,823 shares during the quarter. Federated Hermes Inc. owned about 0.18% of Roblox worth $62,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in Roblox by 21.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company’s stock valued at $1,533,000 after acquiring an additional 6,077 shares during the period. Captrust Financial Advisors bought a new position in shares of Roblox in the third quarter worth approximately $818,000. Janus Henderson Group PLC raised its holdings in Roblox by 3.9% during the third quarter. Janus Henderson Group PLC now owns 48,908 shares of the company’s stock valued at $2,164,000 after acquiring an additional 1,827 shares during the period. Royal London Asset Management Ltd. lifted its holdings in Roblox by 3.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 210,438 shares of the company’s stock worth $9,314,000 after purchasing an additional 7,332 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Roblox by 85.8% during the third quarter. Quantinno Capital Management LP now owns 34,316 shares of the company’s stock worth $1,519,000 after acquiring an additional 15,846 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 34,099 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the completion of the sale, the chief executive officer now owns 221,983 shares in the company, valued at approximately $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction 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. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 947,666 shares of company stock worth $61,513,341 over the last three months. Insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of RBLX opened at $52.84 on Monday. 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 firm’s fifty day simple moving average is $62.42 and its 200-day simple moving average is $56.00. The firm has a market capitalization of $32.71 billion, a price-to-earnings ratio of -36.44 and a beta of 1.49. Roblox Co. has a twelve month low of $29.55 and a twelve 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 (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 forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RBLX shares. Wedbush reaffirmed an “outperform” rating and issued a $83.00 price target on shares of Roblox in a report on Friday, February 7th. The Goldman Sachs Group raised their target price 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. Barclays dropped their target price on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Roth Mkm lifted their price target on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Macquarie boosted their price objective on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

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.