Roblox Co. (NYSE:RBLX) Shares Purchased by Aviva PLC

Aviva PLC raised its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 100.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,762 shares of the company's stock after purchasing an additional 112,252 shares during the period. Aviva PLC's holdings in Roblox were worth $12,947,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. raised its holdings in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after purchasing an additional 217 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after buying an additional 245 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have commented on RBLX shares. Wells Fargo & Company decreased their price objective on shares of Roblox from $76.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday. Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a research report on Friday, February 7th. Citigroup increased their price target on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. CICC Research started coverage on Roblox in a report on Tuesday, January 14th. They issued an "outperform" rating for the company. Finally, FBN Securities assumed coverage on Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.22.

Insider Buying and Selling at Roblox

In other news, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 417,079 shares of the company's stock, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 229,167 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the transaction, the chief executive officer now owns 221,983 shares of the company's stock, valued at approximately $11,649,667.84. The trade was a 50.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,232,833 shares of company stock valued at $76,827,466 in the last quarter. Corporate insiders own 22.15% of the company's stock.

Roblox Trading Up 2.1 %

Shares of RBLX traded up $1.16 during midday trading on Friday, reaching $57.28. The company had a trading volume of 5,987,783 shares, compared to its average volume of 7,883,882. 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 50 day simple moving average of $60.20 and a 200-day simple moving average of $56.34. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The stock has a market cap of $36.00 billion, a PE ratio of -39.50 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share 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%. Research analysts forecast 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.