Roblox Co. (NYSE:RBLX) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Roblox Co. (NYSE:RBLX) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,736,556 shares of the company’s stock after acquiring an additional 9,481 shares during the quarter. Bank of New York Mellon Corp owned 0.29% of Roblox worth $100,477,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its stake in 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 purchasing an additional 4,115,286 shares in the last quarter. Ieq Capital LLC raised 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 lifted its stake in Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after acquiring an additional 240,565 shares in the last quarter. ValueAct Holdings L.P. boosted its holdings in Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after acquiring an additional 7,835,921 shares during the period. Finally, Geode Capital Management LLC grew its position in Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after acquiring 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, CAO Amy Marie Rawlings sold 5,879 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. This represents a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manuel Bronstein sold 44,888 shares of Roblox stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total value of $2,693,728.88. Following the completion of the transaction, the insider now owns 573,266 shares in the company, valued at $34,401,692.66. This trade represents a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,160,553 shares of company stock worth $71,809,407 in the last 90 days. Company insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

RBLX has been the topic of several research reports. Wedbush reissued an “outperform” rating and set a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Macquarie increased their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. CICC Research assumed coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating for the company. Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a research note on Friday, February 7th. Finally, Barclays lowered their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Stock Up 5.1 %

Roblox stock opened at $63.53 on Friday. The stock has a 50-day simple moving average of $64.11 and a 200-day simple moving average of $53.28. The company has a market capitalization of $39.33 billion, a P/E ratio of -43.82 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates 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 research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

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.