S&CO Inc. Sells 23,845 Shares of Roblox Co. (NYSE:RBLX)

S&CO Inc. lowered its position in Roblox Co. (NYSE:RBLX - Free Report) by 58.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,940 shares of the company's stock after selling 23,845 shares during the period. S&CO Inc.'s holdings in Roblox were worth $980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in RBLX. FMR LLC boosted its position in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after purchasing an additional 4,115,286 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after purchasing an additional 3,507,901 shares in the last quarter. State Street Corp boosted its position in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company's stock worth $480,482,000 after purchasing an additional 240,565 shares in the last quarter. ValueAct Holdings L.P. boosted its position in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Roblox by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company's stock worth $368,003,000 after purchasing an additional 408,915 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

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Roblox Stock Up 4.5 %

NYSE RBLX traded up $2.47 on Wednesday, reaching $57.22. The company had a trading volume of 4,395,187 shares, compared to its average volume of 7,605,109. The firm has a market capitalization of $35.42 billion, a PE ratio of -39.37 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 has a 50-day moving average of $64.07 and a 200-day moving average of $54.21. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

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

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of the business'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 sale, the director now directly owns 6,254,137 shares of the company's stock, valued at $406,769,070.48. The trade was a 3.84 % 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 24,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was 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 directly owns 278,161 shares of the company's stock, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 916,367 shares of company stock valued at $59,700,949. Company insiders own 22.15% of the company's stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating for the company. Needham & Company LLC boosted their target price on shares of Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Benchmark boosted their target price on shares of Roblox from $60.00 to $71.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Citigroup boosted 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $64.19.

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.