1,048,918 Shares in Roblox Co. (NYSE:RBLX) Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA bought a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,048,918 shares of the company's stock, valued at approximately $60,690,000. Massachusetts Financial Services Co. MA owned 0.17% of Roblox as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Roblox by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after purchasing an additional 246,610 shares during the period. National Bank of Canada FI increased its position in shares of Roblox by 358.5% during the fourth quarter. National Bank of Canada FI now owns 40,407 shares of the company's stock valued at $2,338,000 after purchasing an additional 31,594 shares during the period. Family Legacy Inc. acquired a new position in shares of Roblox in the fourth quarter valued at $205,000. B. Metzler seel. Sohn & Co. AG lifted its position in Roblox by 25.3% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 11,179 shares of the company's stock worth $647,000 after purchasing an additional 2,257 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Roblox by 68.8% during the fourth quarter. Alliancebernstein L.P. now owns 317,793 shares of the company's stock worth $18,388,000 after buying an additional 129,537 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

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Roblox Stock Down 4.4 %

Shares of RBLX stock traded down $2.50 during trading on Thursday, reaching $54.81. The company's stock had a trading volume of 2,526,142 shares, compared to its average volume of 7,855,257. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The company has a market cap of $34.45 billion, a price-to-earnings ratio of -38.00 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 business has a fifty day moving average price of $60.82 and a 200-day moving average price of $56.13.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results 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 net margin of 25.97% and a negative return on equity of 665.98%. Analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In other news, Director Anthony P. Lee sold 250,000 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the transaction, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares of the company's stock, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,232,833 shares of company stock worth $76,827,466. Company insiders own 22.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RBLX. Piper Sandler reissued an "overweight" rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. HSBC started coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a "buy" rating and a $63.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, January 10th. Morgan Stanley upped their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Finally, Citigroup lifted their target price on shares of Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $64.22.

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.