Tredje AP fonden Cuts Position in Roblox Co. (NYSE:RBLX)

Tredje AP fonden lowered its stake in Roblox Co. (NYSE:RBLX - Free Report) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,566 shares of the company's stock after selling 66,565 shares during the period. Tredje AP fonden's holdings in Roblox were worth $3,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vestcor Inc lifted its holdings in shares of Roblox by 16.8% during the fourth quarter. Vestcor Inc now owns 9,711 shares of the company's stock worth $562,000 after purchasing an additional 1,394 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Roblox by 101.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 704,491 shares of the company's stock valued at $40,762,000 after buying an additional 355,270 shares during the period. Rakuten Securities Inc. boosted its position in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in Roblox by 66.9% in the fourth quarter. Jupiter Asset Management Ltd. now owns 315,973 shares of the company's stock worth $18,282,000 after purchasing an additional 126,709 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its holdings in shares of Roblox by 113.0% during the 4th quarter. Great Lakes Advisors LLC now owns 45,918 shares of the company's stock worth $2,657,000 after buying an additional 24,365 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

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Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares of the company's stock, valued at $27,502,189.26. This represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 916,367 shares of company stock valued at $59,700,949. 22.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RBLX shares. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. boosted their price target on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, Citigroup increased their price objective on Roblox from $63.00 to $82.00 and gave the stock a "buy" 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 stock. According to data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

Roblox Stock Performance

RBLX stock traded up $0.17 during midday trading on Monday, reaching $56.68. 1,195,399 shares of the company's stock traded hands, compared to its average volume of 7,612,976. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a 50-day moving average price of $63.91 and a two-hundred day moving average price of $54.47. 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 firm has a market capitalization of $35.08 billion, a PE ratio of -39.07 and a beta of 1.49.

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

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.