Skandinaviska Enskilda Banken AB publ Boosts Stake in Roblox Co. (NYSE:RBLX)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Roblox Co. (NYSE:RBLX) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 102,472 shares of the company’s stock after purchasing an additional 2,334 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Roblox were worth $5,993,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wealthfront Advisers LLC lifted its holdings in shares of Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after acquiring an additional 17,312,325 shares during the period. ValueAct Holdings L.P. lifted its holdings in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after acquiring an additional 7,835,921 shares during the period. FMR LLC lifted its holdings in shares of Roblox by 24.5% during the 3rd 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 lifted its holdings in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after acquiring an additional 3,507,901 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new position in shares of Roblox during the 3rd quarter worth about $107,491,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research analyst reports. Macquarie increased their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research report on Friday, February 7th. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Needham & Company LLC upped their price target on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Price Performance

Shares of NYSE RBLX opened at $56.51 on Friday. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. 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 company has a market capitalization of $34.98 billion, a price-to-earnings ratio of -38.97 and a beta of 1.49. The business has a 50 day simple moving average of $63.91 and a 200-day simple moving average of $54.40.

Roblox (NYSE:RBLX) last issued its quarterly earnings results 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%. As a group, equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the transaction, the insider now owns 278,161 shares in the company, valued at $16,620,119.75. The trade was a 7.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total value of $3,007,000.00. Following the transaction, the chief financial officer now owns 395,465 shares of the company’s stock, valued at $23,783,265.10. This represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 916,367 shares of company stock worth $59,700,949 in the last 90 days. 22.15% of the stock is currently owned by company insiders.

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.