National Bank of Canada FI Boosts Position in Roblox Co. (NYSE:RBLX)

National Bank of Canada FI lifted its position in Roblox Co. (NYSE:RBLX - Free Report) by 358.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,407 shares of the company's stock after acquiring an additional 31,594 shares during the quarter. National Bank of Canada FI's holdings in Roblox were worth $2,338,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RBLX. Family Legacy Inc. bought a new stake in shares of Roblox during the 4th quarter worth approximately $205,000. B. Metzler seel. Sohn & Co. AG increased its stake in Roblox by 25.3% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 11,179 shares of the company's stock worth $647,000 after buying an additional 2,257 shares during the period. Alliancebernstein L.P. lifted its holdings in Roblox by 68.8% during the 4th quarter. Alliancebernstein L.P. now owns 317,793 shares of the company's stock valued at $18,388,000 after buying an additional 129,537 shares in the last quarter. Wellington Management Group LLP boosted its position in Roblox by 255.1% in the 4th quarter. Wellington Management Group LLP now owns 2,124,122 shares of the company's stock valued at $122,902,000 after buying an additional 1,526,020 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in Roblox in the 4th quarter worth about $716,000. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RBLX. Wells Fargo & Company lowered their price target on Roblox from $76.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday. Wedbush reissued an "outperform" rating and set a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted 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. Finally, CICC Research started coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.22.

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Roblox Stock Performance

NYSE RBLX traded up $1.16 on Friday, hitting $57.28. 5,987,783 shares of the company's stock traded hands, compared to its average volume of 7,867,395. The firm has a market capitalization of $36.00 billion, a PE ratio of -39.50 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 firm's 50-day moving average price is $60.20 and its two-hundred day moving average price is $56.26. 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 posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS 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%. As a group, analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 5,879 shares of the firm's 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 in the company, valued at $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Baszucki sold 229,167 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the sale, the chief executive officer now owns 221,983 shares of the company's stock, valued at $11,649,667.84. The trade was a 50.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,232,833 shares of company stock valued at $76,827,466 in the last ninety days. 22.15% of the stock is currently owned by corporate 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.