Andra AP fonden Has $16.46 Million Stake in Roblox Co. (NYSE:RBLX)

Andra AP fonden reduced its position in Roblox Co. (NYSE:RBLX - Free Report) by 12.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 284,400 shares of the company's stock after selling 39,500 shares during the quarter. Andra AP fonden's holdings in Roblox were worth $16,455,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. ValueAct Holdings L.P. boosted its position in shares of 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 in the last quarter. FMR LLC boosted its holdings in Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after buying an additional 4,115,286 shares in the last quarter. Ieq Capital LLC grew its position in Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after buying an additional 3,507,901 shares during the period. Whale Rock Capital Management LLC purchased a new position in Roblox in the third quarter valued at about $107,491,000. Finally, Two Sigma Advisers LP increased its holdings in Roblox by 32.9% in the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company's stock valued at $259,576,000 after buying an additional 1,452,900 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RBLX. HSBC began 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. Wells Fargo & Company boosted their price target on Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley increased their price objective on Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. Finally, Needham & Company LLC raised their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

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Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 50,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the sale, the chief financial officer now owns 395,465 shares in the company, valued at approximately $23,783,265.10. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher Carvalho sold 12,986 shares of Roblox stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $63.57, for a total transaction of $825,520.02. Following the completion of the transaction, the director now directly owns 982,412 shares in the company, valued at approximately $62,451,930.84. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 916,367 shares of company stock worth $59,700,949 in the last ninety days. 22.15% of the stock is currently owned by corporate insiders.

Roblox Stock Performance

Shares of NYSE RBLX traded up $1.95 during midday trading on Wednesday, reaching $56.70. 7,593,357 shares of the company traded hands, compared to its average volume of 7,617,274. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a market cap of $35.09 billion, a price-to-earnings ratio of -39.10 and a beta of 1.49. The stock has a 50-day moving average price of $64.07 and a 200 day moving average price of $54.21. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.