Roblox Co. (NYSE:RBLX) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 72.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,146,713 shares of the company's stock after selling 5,739,432 shares during the period. Marshall Wace LLP owned about 0.35% of Roblox worth $124,209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NewEdge Advisors LLC lifted its stake in shares of Roblox by 8.5% in the 4th quarter. NewEdge Advisors LLC now owns 10,005 shares of the company's stock valued at $579,000 after purchasing an additional 781 shares during the period. Regal Investment Advisors LLC purchased a new position in Roblox in the 4th quarter worth approximately $258,000. United Capital Financial Advisors LLC purchased a new stake in shares of Roblox during the fourth quarter valued at $201,000. Jump Financial LLC increased its holdings in Roblox by 18.3% in the 4th quarter. Jump Financial LLC now owns 198,462 shares of the company's stock worth $11,483,000 after buying an additional 30,767 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in Roblox by 75.7% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 21,697 shares of the company's stock worth $1,255,000 after buying an additional 9,351 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Trading Up 1.1 %

Roblox stock traded up $0.67 during mid-day trading on Friday, hitting $59.76. The company's stock had a trading volume of 5,118,708 shares, compared to its average volume of 7,882,465. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market capitalization of $37.56 billion, a PE ratio of -41.22 and a beta of 1.49. The stock's fifty day moving average is $59.28 and its two-hundred day moving average is $56.68.

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

Analysts Set New Price Targets

RBLX has been the topic of a number of research reports. Morgan Stanley dropped their price target on Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday. Citigroup raised their target price on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Roth Mkm upped their price target on Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Wedbush reiterated an "outperform" rating and set a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, January 10th. One research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $64.00.

Insider Activity at Roblox

In other Roblox news, CFO Michael Guthrie sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $58.79, for a total transaction of $2,939,500.00. Following the completion of the sale, the chief financial officer now directly owns 516,434 shares of the company's stock, valued at $30,361,154.86. This represents a 8.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the transaction, the chief executive officer now owns 129,301 shares in the company, valued at $9,260,537.62. This trade represents a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 926,954 shares of company stock valued at $56,936,331 in the last ninety days. Insiders own 22.15% of the company's stock.

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.