Roblox Co. (NYSE:RBLX) Shares Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC increased its stake in Roblox Co. (NYSE:RBLX) by 113.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,918 shares of the company’s stock after purchasing an additional 24,365 shares during the quarter. Great Lakes Advisors LLC’s holdings in Roblox were worth $2,657,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after purchasing an additional 15,333 shares during the period. Smith Group Asset Management LLC lifted its holdings in Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Roblox in the fourth quarter worth about $363,000. Silicon Valley Capital Partners raised its position in Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after acquiring an additional 66,882 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after acquiring an additional 1,971 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RBLX shares. Wedbush reiterated an “outperform” rating and issued a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Needham & Company LLC boosted their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Morgan Stanley boosted their price target on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Roth Mkm boosted 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. Finally, HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Trading Up 1.4 %

Shares of NYSE RBLX opened at $56.51 on Friday. The stock has a market cap of $34.98 billion, a price-to-earnings ratio of -38.97 and a beta of 1.49. The business has a 50 day simple moving average of $63.91 and a 200 day simple moving average of $54.40. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

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

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares of the company’s stock, valued at $16,620,119.75. This represents a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 916,367 shares of company stock valued at $59,700,949. 22.15% of the stock is owned by corporate insiders.

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.