Alliancebernstein L.P. Has $18.39 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Alliancebernstein L.P. boosted its position in shares of Roblox Co. (NYSE:RBLX) by 68.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 317,793 shares of the company’s stock after purchasing an additional 129,537 shares during the period. Alliancebernstein L.P.’s holdings in Roblox were worth $18,388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Roblox by 21.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company’s stock valued at $1,533,000 after purchasing an additional 6,077 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Roblox in the third quarter worth $818,000. Janus Henderson Group PLC boosted its holdings in shares of Roblox by 3.9% during the 3rd quarter. Janus Henderson Group PLC now owns 48,908 shares of the company’s stock worth $2,164,000 after buying an additional 1,827 shares during the period. Quantinno Capital Management LP grew its stake in Roblox by 85.8% in the 3rd quarter. Quantinno Capital Management LP now owns 34,316 shares of the company’s stock valued at $1,519,000 after buying an additional 15,846 shares during the last quarter. Finally, State Street Corp lifted its position in Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after acquiring an additional 240,565 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Down 1.0 %

NYSE RBLX opened at $52.41 on Tuesday. The stock has a market capitalization of $32.44 billion, a P/E ratio of -36.15 and a beta of 1.49. 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. The stock has a fifty day moving average of $62.13 and a 200-day moving average of $56.05.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (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, equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the sale, the director now owns 6,254,137 shares of the company’s stock, valued at $406,769,070.48. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 947,666 shares of company stock worth $61,513,341 in the last quarter. 22.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RBLX shares. Wells Fargo & Company increased their price objective on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. HSBC initiated 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. OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. CICC Research started coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group raised their target price on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $64.23.

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.