Savant Capital LLC Buys Shares of 47,506 Roblox Co. (NYSE:RBLX)

Savant Capital LLC purchased a new position in Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,506 shares of the company's stock, valued at approximately $2,749,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Empowered Funds LLC increased its position in Roblox by 24.5% in the fourth quarter. Empowered Funds LLC now owns 9,825 shares of the company's stock worth $568,000 after buying an additional 1,936 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Roblox in the fourth quarter worth about $524,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Roblox by 13.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 44,439 shares of the company's stock worth $2,571,000 after acquiring an additional 5,387 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Roblox in the fourth quarter worth about $7,362,000. Finally, Choreo LLC boosted its stake in shares of Roblox by 7.0% in the fourth quarter. Choreo LLC now owns 21,374 shares of the company's stock worth $1,248,000 after acquiring an additional 1,399 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RBLX shares. BMO Capital Markets reaffirmed an "outperform" rating and issued a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. Macquarie upped their price objective on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. HSBC started coverage on Roblox in a research note on Thursday, December 12th. They issued a "buy" rating and a $63.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price target on Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.19.

Insider Transactions at Roblox

In other Roblox news, CEO David Baszucki sold 6,460 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $332,237.80. Following the transaction, the chief executive officer now directly owns 129,295 shares in the company, valued at $6,649,641.85. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 6,054 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $311,357.22. Following the transaction, the chief accounting officer now owns 85,008 shares in the company, valued at $4,371,961.44. The trade was a 6.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,287,014 shares of company stock worth $76,969,089. 22.15% of the stock is currently owned by company insiders.

Roblox Trading Up 1.7 %

RBLX stock traded up $1.09 during midday trading on Friday, reaching $66.62. 6,355,233 shares of the company traded hands, compared to its average volume of 9,327,394. 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 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50 day moving average of $63.45 and a 200-day moving average of $51.63. The firm has a market capitalization of $40.48 billion, a price-to-earnings ratio of -45.95 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. As a group, sell-side analysts expect that Roblox Co. will post -1.4 earnings per share 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.