9,220 Shares in Roblox Co. (NYSE:RBLX) Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new position in Roblox Co. (NYSE:RBLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,220 shares of the company's stock, valued at approximately $533,000.

Other large investors have also recently bought and sold shares of the company. First Trust Direct Indexing L.P. increased its position in shares of Roblox by 12.8% in the third quarter. First Trust Direct Indexing L.P. now owns 6,219 shares of the company's stock valued at $275,000 after buying an additional 708 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Roblox by 94.4% in the third quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company's stock valued at $815,000 after buying an additional 8,939 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Roblox by 724.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 804,488 shares of the company's stock valued at $35,607,000 after buying an additional 706,939 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Roblox by 8.4% in the third quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company's stock valued at $1,667,000 after buying an additional 2,932 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Roblox by 308.2% in the third quarter. Principal Financial Group Inc. now owns 181,808 shares of the company's stock valued at $8,047,000 after buying an additional 137,267 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

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Roblox Trading Down 2.3 %

Shares of Roblox stock traded down $1.33 during trading hours on Friday, reaching $57.24. The stock had a trading volume of 11,385,225 shares, compared to its average volume of 7,559,054. The firm has a 50 day simple moving average of $64.28 and a two-hundred day simple moving average of $53.79. The firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of -39.48 and a beta of 1.49. 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 Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts' consensus estimates 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, equities research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares in the company, valued at approximately $16,620,119.75. The trade was a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Manuel Bronstein sold 44,888 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the transaction, the insider now owns 573,266 shares in the company, valued at $34,401,692.66. This trade represents a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 961,255 shares of company stock worth $62,394,678. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Macquarie raised their price target on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Citigroup increased their price objective on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Needham & Company LLC increased their price objective on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Barclays decreased their price objective on Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Finally, OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Roblox has an average rating of "Moderate Buy" and an average target price of $64.19.

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.