First Trust Advisors LP Buys 713,612 Shares of Roblox Co. (NYSE:RBLX)

First Trust Advisors LP boosted its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 35.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,739,253 shares of the company's stock after acquiring an additional 713,612 shares during the quarter. First Trust Advisors LP owned 0.45% of Roblox worth $158,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBLX. Smith Group Asset Management LLC grew its holdings in shares of Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock worth $3,994,000 after purchasing an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in Roblox during the 4th quarter worth about $363,000. Silicon Valley Capital Partners increased its position in Roblox by 3,010.0% in the 4th 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. V Square Quantitative Management LLC raised its stake in shares of Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after acquiring an additional 1,971 shares during the last quarter. Finally, Friedenthal Financial bought a new position in shares of Roblox in the fourth quarter worth about $763,000. 94.46% of the stock is owned by institutional investors.

Roblox Stock Up 3.5 %

RBLX traded up $2.21 on Thursday, hitting $65.69. 7,661,138 shares of the company were exchanged, compared to its average volume of 8,640,951. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock's fifty day moving average is $59.06 and its 200-day moving average is $57.08. The company has a market cap of $41.28 billion, a PE ratio of -45.30 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Equities research analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Wedbush reaffirmed an "outperform" rating and set a $83.00 target price on shares of Roblox in a report on Thursday. Citigroup increased their price target on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Macquarie lifted their price objective on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group increased their target price on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $64.50.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 138,555 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the transaction, the chief executive officer now owns 129,301 shares in the company, valued at approximately $9,260,537.62. This represents a 51.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 19,525 shares of the firm'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 transaction of $1,287,478.50. Following the sale, the insider now owns 339,206 shares of the company's stock, valued at $22,367,243.64. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 902,954 shares of company stock valued at $55,354,971 over the last 90 days. 22.15% of the stock is currently owned by insiders.

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.