Rhumbline Advisers Boosts Stake in Roblox Co. (NYSE:RBLX)

Rhumbline Advisers increased its position in Roblox Co. (NYSE:RBLX - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 748,575 shares of the company's stock after purchasing an additional 12,559 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Roblox worth $43,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Roblox in the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC lifted its position in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after acquiring an additional 624 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares during the period. Huntington National Bank grew its position in shares of Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company's stock valued at $46,000 after purchasing an additional 770 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company's stock worth $60,000 after purchasing an additional 1,355 shares during the period. 94.46% of the stock is owned by institutional investors.

Roblox Stock Performance

NYSE:RBLX traded down $0.04 during trading hours on Friday, reaching $62.78. The stock had a trading volume of 1,701,955 shares, compared to its average volume of 9,105,392. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. 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 stock has a 50 day simple moving average of $63.98 and a 200 day simple moving average of $52.17. The stock has a market cap of $38.86 billion, a P/E ratio of -43.23 and a beta of 1.46.

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

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the firm'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 owns 75,528 shares in the company, valued at $4,909,320. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Reinstra sold 19,525 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,287,478.50. Following the sale, the insider now owns 339,206 shares in the company, valued at approximately $22,367,243.64. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,055,604 shares of company stock worth $65,216,044. 22.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. BMO Capital Markets reaffirmed an "outperform" rating and set a $62.00 target price (up from $56.00) on shares of Roblox in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, November 4th. Roth Mkm increased their target price on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Citigroup boosted their price target on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $64.19.

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.