Robeco Institutional Asset Management B.V. Increases Holdings in Roblox Co. (NYSE:RBLX)

Robeco Institutional Asset Management B.V. increased its stake in shares of Roblox Co. (NYSE:RBLX) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 807,075 shares of the company’s stock after buying an additional 2,587 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Roblox were worth $46,697,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. ValueAct Holdings L.P. boosted its holdings in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the period. FMR LLC raised its position in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after buying an additional 4,115,286 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in Roblox during the third quarter valued at $107,491,000. Two Sigma Advisers LP grew its position in Roblox by 32.9% during the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock worth $259,576,000 after buying an additional 1,452,900 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Roblox by 195.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,852,131 shares of the company’s stock worth $81,975,000 after acquiring an additional 1,226,072 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

Shares of Roblox stock opened at $70.00 on Thursday. The company’s fifty day simple moving average is $59.46 and its two-hundred day simple moving average is $49.21. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $70.68. The firm has a market cap of $42.53 billion, a PE ratio of -42.68 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the business earned ($0.45) EPS. Roblox’s revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Roth Mkm lifted their price target on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company lifted their target price on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Benchmark increased their price target on shares of Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup lifted their price objective on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their target price on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus price target of $59.14.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 333,334 shares of Roblox stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the sale, the chief executive officer now directly owns 129,295 shares in the company, valued at approximately $7,409,896.45. The trade was a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,207,812 shares of company stock worth $69,509,773. 22.15% of the stock is currently owned by insiders.

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.