Charles Schwab Investment Management Inc. Boosts Holdings in Roblox Co. (NYSE:RBLX)

Charles Schwab Investment Management Inc. boosted its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,147,841 shares of the company's stock after purchasing an additional 132,497 shares during the period. Charles Schwab Investment Management Inc. owned about 0.35% of Roblox worth $124,274,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock worth $2,660,000 after purchasing an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC grew its stake in Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock worth $3,994,000 after acquiring an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Roblox during the fourth quarter worth approximately $363,000. Entropy Technologies LP raised its stake in shares of Roblox by 168.4% during the third quarter. Entropy Technologies LP now owns 99,649 shares of the company's stock valued at $4,410,000 after acquiring an additional 62,521 shares in the last quarter. Finally, Silicon Valley Capital Partners raised its stake in shares of Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock valued at $3,998,000 after acquiring an additional 66,882 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have commented on RBLX shares. Piper Sandler restated an "overweight" rating and set a $72.00 price objective (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research note on Friday, February 7th. Wells Fargo & Company upped their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Barclays dropped their target price on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Finally, CICC Research began coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $64.19.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at $4,909,320. The trade was a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 138,555 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the transaction, the chief executive officer now directly owns 129,301 shares of the company's stock, valued at $9,260,537.62. The trade was a 51.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 916,367 shares of company stock worth $59,700,949 in the last three months. Company insiders own 22.15% of the company's stock.

Roblox Stock Performance

RBLX traded up $2.04 during midday trading on Wednesday, hitting $56.79. 5,320,583 shares of the company were exchanged, compared to its average volume of 7,609,665. The company's 50 day simple moving average is $64.07 and its 200 day simple moving average is $54.21. The firm has a market capitalization of $35.15 billion, a price-to-earnings ratio of -39.12 and a beta of 1.49. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

About Roblox

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.