California Public Employees Retirement System Has $46.50 Million Stock Position in Roblox Co. (NYSE:RBLX)

California Public Employees Retirement System decreased its position in Roblox Co. (NYSE:RBLX - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 803,641 shares of the company's stock after selling 42,502 shares during the period. California Public Employees Retirement System owned 0.13% of Roblox worth $46,499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of Roblox by 21.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company's stock worth $1,533,000 after buying an additional 6,077 shares during the period. Townsquare Capital LLC acquired a new stake in Roblox during the 3rd quarter worth $547,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Roblox by 1.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,487 shares of the company's stock valued at $4,448,000 after acquiring an additional 1,546 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Roblox by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,944,555 shares of the company's stock valued at $86,066,000 after purchasing an additional 20,872 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of Roblox in the 3rd quarter worth $818,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of the company's 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 sale, the chief financial officer now owns 417,079 shares in the company, valued at $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares of the company's stock, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 947,666 shares of company stock valued at $61,513,341. 22.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on RBLX. Roth Mkm increased their target price on Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Needham & Company LLC lifted their price objective 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. Benchmark restated a "buy" rating and set a $71.00 price objective on shares of Roblox in a report on Tuesday, March 18th. Wells Fargo & Company increased their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, CICC Research initiated coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $64.23.

Roblox Stock Down 5.5 %

Shares of Roblox stock traded down $3.38 during trading hours on Thursday, reaching $58.23. 6,556,835 shares of the company's stock were exchanged, compared to its average volume of 7,832,574. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a 50 day moving average of $62.71 and a two-hundred day moving average of $55.81. The stock has a market cap of $36.05 billion, a P/E ratio of -40.16 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last posted 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 665.98% and a negative net margin of 25.97%. On average, sell-side 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.