Roblox Co. (NYSE:RBLX) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Roblox Co. (NYSE:RBLX) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 53,239,693 shares of the company’s stock after buying an additional 462,450 shares during the period. Vanguard Group Inc. owned 0.09% of Roblox worth $3,080,449,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RBLX. Versant Capital Management Inc grew its position in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the period. Parkside Financial Bank & Trust increased its stake in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after acquiring an additional 633 shares in the last quarter. Finally, True Wealth Design LLC boosted its stake in Roblox by 33,875.0% during the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock worth $60,000 after purchasing an additional 1,355 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 34,099 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at approximately $12,664,130.15. The trade was a 13.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares of the company’s stock, valued at $12,513,028.86. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 926,466 shares of company stock worth $60,212,297. 22.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RBLX shares. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. boosted their price objective on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. HSBC initiated coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target on the stock. Barclays dropped their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, Piper Sandler reiterated an “overweight” rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a report 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 company. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Roblox Stock Performance

Shares of Roblox stock opened at $62.01 on Wednesday. The firm’s fifty day simple moving average is $63.53 and its 200-day simple moving average is $55.24. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The stock has a market capitalization of $38.38 billion, a price-to-earnings ratio of -42.77 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, equities analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

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.