Parallel Advisors LLC Has $2.16 Million Position in Roblox Co. (NYSE:RBLX)

Parallel Advisors LLC increased its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 39.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,285 shares of the company's stock after acquiring an additional 10,585 shares during the quarter. Parallel Advisors LLC's holdings in Roblox were worth $2,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC raised its stake in Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after acquiring an additional 4,115,286 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Ieq Capital LLC increased its stake in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the period. State Street Corp increased its stake in shares of Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company's stock valued at $480,482,000 after purchasing an additional 240,565 shares during the period. Finally, ValueAct Holdings L.P. increased its stake in shares of Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

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Roblox Trading Up 5.7 %

Roblox stock traded up $3.29 during midday trading on Friday, reaching $61.21. The stock had a trading volume of 13,368,982 shares, compared to its average volume of 7,611,650. The firm's fifty day simple moving average is $63.54 and its two-hundred day simple moving average is $54.82. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market cap of $37.89 billion, a price-to-earnings ratio of -42.21 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last posted 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 net margin of 25.97% and a negative return on equity of 665.98%. Equities analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RBLX shares. HSBC started coverage on shares of Roblox in a research note on Thursday, December 12th. They issued a "buy" rating and a $63.00 price target on the stock. Citigroup raised their price target 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. The Goldman Sachs Group raised their price target on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Morgan Stanley raised their price target on shares of Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.19.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 24,000 shares of the stock in a transaction that occurred 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 $16,620,119.75. This represents a 7.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 138,555 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the sale, the chief executive officer now owns 129,301 shares of the company's stock, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 950,466 shares of company stock valued at $61,646,297. Company insiders own 22.15% of the company's stock.

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.