Alliancebernstein L.P. Increases Position in Roblox Co. (NYSE:RBLX)

Alliancebernstein L.P. lifted its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 68.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 317,793 shares of the company's stock after acquiring an additional 129,537 shares during the period. Alliancebernstein L.P. owned approximately 0.05% of Roblox worth $18,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Toronto Dominion Bank raised its position in Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock worth $2,660,000 after acquiring an additional 15,333 shares during the period. Smith Group Asset Management LLC lifted its position in shares of Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock valued at $3,994,000 after buying an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Roblox during the 4th quarter worth $363,000. Silicon Valley Capital Partners increased its holdings in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after acquiring an additional 66,882 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock valued at $149,000 after acquiring an additional 1,971 shares during the period. 94.46% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RBLX shares. Wedbush reiterated an "outperform" rating and set a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. Morgan Stanley increased their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Piper Sandler restated an "overweight" rating and set a $72.00 price target (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Citigroup boosted their price objective on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, CICC Research began coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus price target of $64.22.

Roblox Trading Up 2.1 %

RBLX traded up $1.16 during trading on Friday, hitting $57.28. 5,987,783 shares of the stock traded hands, compared to its average volume of 7,867,395. The firm has a market capitalization of $36.00 billion, a P/E ratio of -39.50 and a beta of 1.49. The firm has a 50-day moving average of $60.20 and a 200 day moving average of $56.26. 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 Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last issued 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%. Equities research analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity at Roblox

In other news, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares of the company's stock, valued at $4,909,320. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,232,833 shares of company stock worth $76,827,466 over the last 90 days. 22.15% of the stock is owned by company insiders.

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.