Roblox Co. (NYSE:RBLX) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its holdings in Roblox Co. (NYSE:RBLX) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,566 shares of the company’s stock after selling 66,565 shares during the quarter. Tredje AP fonden’s holdings in Roblox were worth $3,852,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after buying an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC grew its position in shares of Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after acquiring an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Roblox in the 4th quarter valued at $363,000. Silicon Valley Capital Partners raised its position in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after purchasing an additional 66,882 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after purchasing an additional 1,971 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Performance

Roblox stock opened at $55.75 on Friday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a market capitalization of $34.51 billion, a price-to-earnings ratio of -38.45 and a beta of 1.49. The stock has a fifty day moving average of $63.99 and a two-hundred day moving average of $54.24. 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 (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping 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%. On average, analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RBLX. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research report on Friday, November 22nd. Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a research note on Friday, February 7th. Barclays lowered their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, Citigroup raised their price target on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average target price of $64.19.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the sale, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 916,367 shares of company stock valued at $59,700,949. Company insiders own 22.15% of the company’s stock.

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.