Blueshift Asset Management LLC Has $2.78 Million Stake in Roblox Co. (NYSE:RBLX)

Blueshift Asset Management LLC raised its stake in Roblox Co. (NYSE:RBLX - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,045 shares of the company's stock after acquiring an additional 9,654 shares during the quarter. Roblox makes up 1.0% of Blueshift Asset Management LLC's portfolio, making the stock its 9th biggest holding. Blueshift Asset Management LLC's holdings in Roblox were worth $2,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its stake in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after acquiring an additional 4,115,286 shares during the period. Wealthfront Advisers LLC grew its position in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Ieq Capital LLC increased its stake 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 lifted its position in Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company's stock worth $480,482,000 after buying an additional 240,565 shares during the period. Finally, ValueAct Holdings L.P. boosted its stake in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after buying an additional 7,835,921 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the company's 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 sale, the chief accounting officer now owns 75,528 shares in the company, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 926,466 shares of company stock worth $60,212,297. Insiders own 22.15% of the company's stock.

Roblox Stock Up 0.1 %

Shares of Roblox stock traded up $0.07 during trading hours on Monday, hitting $61.23. 7,899,676 shares of the company's stock traded hands, compared to its average volume of 7,628,129. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a market cap of $37.90 billion, a PE ratio of -42.22 and a beta of 1.49. 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 stock has a 50 day simple moving average of $63.54 and a 200-day simple moving average of $55.11.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RBLX. The Goldman Sachs Group increased their price objective on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Roth Mkm increased their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Citigroup lifted their price target on shares of Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Finally, HSBC began coverage on Roblox in a report on Thursday, December 12th. They issued a "buy" rating and a $63.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.19.

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.