Handelsbanken Fonder AB Boosts Stock Holdings in Roblox Co. (NYSE:RBLX)

Handelsbanken Fonder AB lifted its stake in shares of Roblox Co. (NYSE:RBLX) by 38.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,856 shares of the company’s stock after acquiring an additional 34,608 shares during the quarter. Handelsbanken Fonder AB’s holdings in Roblox were worth $7,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. FMR LLC increased its position in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after acquiring an additional 4,115,286 shares during the period. Ieq Capital LLC grew its stake 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 purchasing an additional 3,507,901 shares in the last quarter. State Street Corp grew its stake in shares of Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares in the last quarter. ValueAct Holdings L.P. grew its stake in shares of 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 purchasing an additional 7,835,921 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Roblox by 5.2% during the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after purchasing an additional 408,915 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling

In other Roblox news, insider Arvind Chakravarthy sold 14,269 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total value of $705,316.67. Following the completion of the transaction, the insider now directly owns 244,803 shares of the company’s stock, valued at approximately $12,100,612.29. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Baszucki sold 6,448 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.33, for a total transaction of $395,455.84. Following the completion of the transaction, the chief executive officer now directly owns 122,853 shares of the company’s stock, valued at approximately $7,534,574.49. This trade represents a 4.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,062,052 shares of company stock valued at $65,611,500 over the last ninety days. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Down 0.5 %

NYSE RBLX opened at $62.52 on Friday. The stock has a market capitalization of $38.70 billion, a P/E ratio of -43.11 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 has a 50-day moving average price of $64.04 and a 200 day moving average price of $52.45. 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 posted its quarterly earnings results 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 net margin of 25.97% and a negative return on equity of 665.98%. Equities research analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of analyst reports. Wells Fargo & Company boosted their target price 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. Morgan Stanley boosted their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. CICC Research started coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating for the company. HSBC started coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective for the company. Finally, The Goldman Sachs Group upped their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.