Rockefeller Capital Management L.P. Has $1.41 Million Stake in Roblox Co. (NYSE:RBLX)

Rockefeller Capital Management L.P. cut its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 45.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,290 shares of the company's stock after selling 20,489 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Roblox were worth $1,405,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RBLX. Smith Group Asset Management LLC grew its stake in shares of Roblox by 939.6% in 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 in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Roblox in the fourth quarter valued at approximately $363,000. Silicon Valley Capital Partners grew its position in Roblox by 3,010.0% in the fourth 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 in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of 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 purchasing an additional 1,971 shares during the last quarter. Finally, Friedenthal Financial bought a new position in Roblox during the fourth quarter valued at about $763,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.91 during midday trading on Friday, reaching $66.60. 3,314,415 shares of the company traded hands, compared to its average volume of 7,851,727. The firm has a market cap of $41.86 billion, a PE ratio of -45.82 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The stock's 50-day simple moving average is $59.04 and its 200-day simple moving average is $57.25.

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, beating the consensus estimate 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 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares in the company, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Reinstra sold 19,525 shares of the business'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 $1,287,478.50. Following the completion of the transaction, the insider now directly owns 339,206 shares of the company's stock, valued at approximately $22,367,243.64. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 902,954 shares of company stock valued at $55,354,971. 22.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, January 10th. Benchmark reissued a "buy" rating and issued a $71.00 price target on shares of Roblox in a research report on Tuesday, March 18th. Oppenheimer raised shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a report on Thursday, April 10th. The Goldman Sachs Group lifted their target price on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $64.50.

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.