Great Lakes Advisors LLC Boosts Stock Position in Roblox Co. (NYSE:RBLX)

Great Lakes Advisors LLC boosted its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 113.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,918 shares of the company's stock after purchasing an additional 24,365 shares during the quarter. Great Lakes Advisors LLC's holdings in Roblox were worth $2,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Simon Quick Advisors LLC boosted its holdings in Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after acquiring an additional 217 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Roblox by 83.9% in 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 in the last quarter. Yousif Capital Management LLC boosted its holdings in Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after acquiring an additional 245 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after acquiring an additional 271 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

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Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 24,000 shares of Roblox 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 sale, the insider now owns 278,161 shares in the company, valued at $16,620,119.75. The trade was a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manuel Bronstein sold 14,721 shares of Roblox stock in a transaction on Monday, February 24th. The shares were sold at an average price of $61.10, for a total value of $899,453.10. Following the completion of the sale, the insider now owns 598,929 shares in the company, valued at $36,594,561.90. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 916,367 shares of company stock valued at $59,700,949. Insiders own 22.15% of the company's stock.

Roblox Trading Up 3.9 %

NYSE RBLX traded up $2.19 on Wednesday, reaching $58.17. 7,152,962 shares of the company were exchanged, compared to its average volume of 7,593,503. The business's fifty day moving average price is $63.71 and its 200 day moving average price is $54.65. The stock has a market capitalization of $36.01 billion, a P/E ratio of -40.11 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 fifty-two week low of $29.55 and a fifty-two week 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) earnings per share 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%. Analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on RBLX. Wells Fargo & Company raised their price objective on Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, January 10th. Morgan Stanley raised their price objective on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Barclays reduced their price objective on Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Finally, HSBC began coverage on Roblox in a research note on Thursday, December 12th. They issued a "buy" rating and a $63.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Roblox currently has a consensus 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.