Legal & General Group Plc Has $125.22 Million Position in Roblox Co. (NYSE:RBLX)

Legal & General Group Plc lessened its position in Roblox Co. (NYSE:RBLX - Free Report) by 21.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,164,215 shares of the company's stock after selling 585,429 shares during the period. Legal & General Group Plc owned about 0.36% of Roblox worth $125,221,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Toronto Dominion Bank raised its stake in shares of Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock valued at $2,660,000 after acquiring an additional 15,333 shares during the last quarter. Smith Group Asset Management LLC raised its position in Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $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 in the fourth quarter worth $363,000. Silicon Valley Capital Partners grew its holdings 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 worth $3,998,000 after purchasing an additional 66,882 shares during the last quarter. Finally, V Square Quantitative Management LLC increased 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 valued at $149,000 after buying an additional 1,971 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

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Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction dated 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 approximately $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 982 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the transaction, the insider now owns 204,261 shares of the company's stock, valued at approximately $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,232,833 shares of company stock valued at $76,827,466 over the last quarter. Corporate insiders own 22.15% of the company's stock.

Roblox Trading Up 1.6 %

NYSE:RBLX traded up $0.96 on Wednesday, reaching $59.84. The company's stock had a trading volume of 1,913,169 shares, compared to its average volume of 8,729,610. The firm has a market cap of $37.61 billion, a PE ratio of -41.27 and a beta of 1.49. 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 business's 50-day moving average price is $59.66 and its two-hundred day moving average price is $56.45. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) 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%. Equities research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research 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 on the stock in a report on Wednesday, April 9th. Oppenheimer raised shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price target on the stock in a research note on Thursday, April 10th. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. Benchmark reissued a "buy" rating and issued a $71.00 target price on shares of Roblox in a research note on Tuesday, March 18th. Finally, The Goldman Sachs Group upped their price target on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $64.22.

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.