Voya Investment Management LLC Lowers Holdings in Roblox Co. (NYSE:RBLX)

Voya Investment Management LLC lessened its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,331,175 shares of the company's stock after selling 470,384 shares during the period. Voya Investment Management LLC owned about 0.38% of Roblox worth $134,794,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its position in shares of Roblox by 18.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 7,588 shares of the company's stock worth $439,000 after buying an additional 1,186 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Roblox by 24.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,363,982 shares of the company's stock valued at $252,501,000 after purchasing an additional 871,027 shares during the last quarter. Soros Capital Management LLC acquired a new stake in shares of Roblox in the 4th quarter worth $5,491,000. J. Safra Sarasin Holding AG increased its position in Roblox by 3.5% during the 4th quarter. J. Safra Sarasin Holding AG now owns 47,995 shares of the company's stock valued at $2,777,000 after buying an additional 1,644 shares in the last quarter. Finally, TFJ Management LLC purchased a new stake in Roblox in the fourth quarter valued at about $976,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on RBLX. Oppenheimer upgraded shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a report on Thursday, April 10th. Barclays cut their target price on Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research note on Friday, February 7th. Benchmark reaffirmed a "buy" rating and set a $71.00 target price on shares of Roblox in a report on Tuesday, March 18th. Finally, CICC Research assumed coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $64.50.

Roblox Price Performance

NYSE RBLX traded down $0.17 during trading hours on Monday, hitting $66.41. 5,733,458 shares of the company's stock traded hands, compared to its average volume of 7,864,376. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm's 50-day moving average is $59.06 and its 200-day moving average is $57.65. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The company has a market capitalization of $41.74 billion, a PE ratio of -45.80 and a beta of 1.49.

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

Insider Activity at Roblox

In other Roblox news, CFO Michael Guthrie sold 26,154 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 $1,724,594.76. Following the transaction, the chief financial officer now owns 417,079 shares of the company's stock, valued at $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the sale, the insider now owns 204,261 shares of the company's stock, valued at approximately $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 902,954 shares of company stock valued at $55,354,971. 22.15% of the stock is owned by company insiders.

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.