Roblox Co. (NYSE:RBLX) Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its holdings in Roblox Co. (NYSE:RBLX) by 8.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 254,466 shares of the company’s stock after buying an additional 20,765 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Roblox were worth $13,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of RBLX. FMR LLC boosted its holdings in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares during the last quarter. Ieq Capital LLC boosted its holdings in Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. State Street Corp grew 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 purchasing an additional 240,565 shares during the period. ValueAct Holdings L.P. grew its position in Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Roblox by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after buying an additional 408,915 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on RBLX shares. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a research note on Friday, February 7th. Morgan Stanley lifted their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. increased their price target on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Finally, Barclays cut their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Insider Activity at Roblox

In other news, insider Manuel Bronstein sold 44,888 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total value of $2,693,728.88. Following the completion of the sale, the insider now owns 573,266 shares of the company’s stock, valued at $34,401,692.66. This represents a 7.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 911,255 shares of company stock valued at $59,387,678. 22.15% of the stock is currently owned by insiders.

Roblox Price Performance

Roblox stock opened at $63.35 on Thursday. The company has a fifty day simple moving average of $64.31 and a 200-day simple moving average of $53.75. 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 firm has a market capitalization of $39.22 billion, a price-to-earnings ratio of -43.69 and a beta of 1.49. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

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

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.