US Bancorp DE Has $3.81 Million Stake in Roblox Co. (NYSE:RBLX)

US Bancorp DE raised its holdings in Roblox Co. (NYSE:RBLX) by 1.7% in the fourth quarter, Holdings Channel reports. The fund owned 65,910 shares of the company’s stock after acquiring an additional 1,102 shares during the period. US Bancorp DE’s holdings in Roblox were worth $3,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Simon Quick Advisors LLC grew its stake in Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after acquiring an additional 217 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares during the period. Versant Capital Management Inc boosted its position in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Yousif Capital Management LLC boosted its position in shares of Roblox by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after buying an additional 245 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after buying an additional 271 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roblox

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the transaction, the director now owns 6,254,137 shares in the company, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Reinstra sold 24,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the transaction, the insider now owns 278,161 shares in the company, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 911,255 shares of company stock worth $59,387,678. Company insiders own 22.15% of the company’s stock.

Roblox Price Performance

NYSE:RBLX opened at $63.35 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock’s 50 day moving average price is $64.31 and its two-hundred day moving average price is $53.75. The firm has a market capitalization of $39.22 billion, a price-to-earnings ratio of -43.69 and a beta of 1.46. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping 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%. On average, analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RBLX shares. HSBC started coverage on Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Needham & Company LLC upped their price objective on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Roth Mkm upped their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, CICC Research started coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.