State of New Jersey Common Pension Fund D Boosts Stake in Roblox Co. (NYSE:RBLX)

State of New Jersey Common Pension Fund D grew its stake in Roblox Co. (NYSE:RBLX) by 0.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 176,586 shares of the company’s stock after buying an additional 298 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Roblox were worth $10,217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Simon Quick Advisors LLC raised its holdings in shares of Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after buying an additional 217 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the last quarter. Impact Partnership Wealth LLC raised its holdings in shares of Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after buying an additional 245 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after buying an additional 245 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after buying an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

RBLX opened at $66.05 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a market cap of $40.13 billion, a price-to-earnings ratio of -45.55 and a beta of 1.46. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The firm’s fifty day simple moving average is $63.84 and its two-hundred day simple moving average is $52.01.

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, beating 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 795.19%. Equities analysts anticipate that Roblox Co. will post -1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RBLX shares. Citigroup raised their price target on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Needham & Company LLC increased their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Raymond James reiterated a “strong-buy” rating and issued a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. Wells Fargo & Company increased their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 3,601 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the transaction, the chief accounting officer now directly owns 81,407 shares of the company’s stock, valued at approximately $4,014,993.24. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Manuel Bronstein sold 10,492 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.45, for a total transaction of $518,829.40. Following the completion of the transaction, the insider now directly owns 618,154 shares in the company, valued at approximately $30,567,715.30. This represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,069,697 shares of company stock valued at $65,912,475 over the last ninety days. Corporate insiders own 22.15% of the company’s stock.

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.