Jupiter Asset Management Ltd. Acquires 126,709 Shares of Roblox Co. (NYSE:RBLX)

Jupiter Asset Management Ltd. grew its stake in Roblox Co. (NYSE:RBLX) by 66.9% during the 4th quarter, HoldingsChannel reports. The firm owned 315,973 shares of the company’s stock after acquiring an additional 126,709 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Roblox were worth $18,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RBLX. Janney Montgomery Scott LLC grew its holdings in shares of Roblox by 94.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock worth $815,000 after purchasing an additional 8,939 shares during the last quarter. Principal Financial Group Inc. boosted its position in Roblox by 308.2% in the third quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock valued at $8,047,000 after buying an additional 137,267 shares in the last quarter. Sigma Planning Corp grew its stake in Roblox by 6.6% during the third quarter. Sigma Planning Corp now owns 6,822 shares of the company’s stock worth $302,000 after buying an additional 420 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Roblox during the third quarter worth approximately $257,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Roblox during the third quarter worth approximately $257,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Benchmark boosted their price objective on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Roth Mkm upped their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Morgan Stanley raised their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Wells Fargo & Company upped their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $72.00 price target (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the business’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 sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Guthrie sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 395,465 shares in the company, valued at $23,783,265.10. This represents a 11.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 916,367 shares of company stock valued at $59,700,949. 22.15% of the stock is owned by insiders.

Roblox Stock Performance

Shares of RBLX stock opened at $56.70 on Thursday. 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 firm has a fifty day simple moving average of $64.05 and a two-hundred day simple moving average of $54.23. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The firm has a market capitalization of $35.09 billion, a PE ratio of -39.10 and a beta of 1.49.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal 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.