Avanza Fonder AB Acquires New Holdings in Roblox Co. (NYSE:RBLX)

Avanza Fonder AB bought a new position in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, Holdings Channel reports. The fund bought 97,313 shares of the company’s stock, valued at approximately $5,631,000.

Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares in the last quarter. Impact Partnership Wealth LLC lifted its holdings in shares of Roblox by 3.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after acquiring an additional 245 shares during the last quarter. GAMMA Investing LLC increased its stake in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after acquiring an additional 271 shares during the last quarter. Metis Global Partners LLC raised its position in Roblox by 5.0% during the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after purchasing an additional 288 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Roblox by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Stock Performance

Shares of Roblox stock opened at $65.82 on Friday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $66.51. The firm’s 50-day moving average is $56.85 and its 200 day moving average is $47.36. The stock has a market cap of $39.99 billion, a price-to-earnings ratio of -40.14 and a beta of 1.43. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

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

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the sale, the chief accounting officer now owns 91,062 shares in the company, valued at approximately $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the sale, the insider now owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,254,601 shares of company stock worth $65,622,735 over the last quarter. 22.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RBLX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their target price on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday. Needham & Company LLC boosted their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays raised their price objective on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Citigroup boosted their target price on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.48.

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.