Roblox Co. (NYSE:RBLX) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its stake in shares of Roblox Co. (NYSE:RBLX) by 358.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 40,407 shares of the company’s stock after purchasing an additional 31,594 shares during the period. National Bank of Canada FI’s holdings in Roblox were worth $2,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Family Legacy Inc. acquired a new position in shares of Roblox during the fourth quarter worth $205,000. B. Metzler seel. Sohn & Co. AG grew its stake in Roblox by 25.3% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 11,179 shares of the company’s stock valued at $647,000 after purchasing an additional 2,257 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Roblox by 68.8% during the 4th quarter. Alliancebernstein L.P. now owns 317,793 shares of the company’s stock worth $18,388,000 after purchasing an additional 129,537 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Roblox by 255.1% in the 4th quarter. Wellington Management Group LLP now owns 2,124,122 shares of the company’s stock valued at $122,902,000 after purchasing an additional 1,526,020 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Roblox during the 4th quarter valued at approximately $716,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RBLX shares. CICC Research initiated coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating for the company. Needham & Company LLC boosted their target price 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. Barclays reduced their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Benchmark reissued a “buy” rating and issued a $71.00 price objective on shares of Roblox in a report on Tuesday, March 18th. Finally, OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average target price of $64.23.

Roblox Price Performance

Shares of RBLX opened at $52.41 on Tuesday. The firm has a market capitalization of $32.44 billion, a price-to-earnings ratio of -36.15 and a beta of 1.49. The stock’s fifty day moving average is $62.13 and its 200-day moving average is $56.05. Roblox Co. has a one year low of $29.55 and a one year 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 released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Equities analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the sale, the insider now directly owns 364,244 shares of the company’s stock, valued at $21,122,509.56. This represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,003,666 shares of company stock valued at $64,800,781. 22.15% of the stock is owned by corporate 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.