Royal London Asset Management Ltd. Acquires 11,692 Shares of Roblox Co. (NYSE:RBLX)

Royal London Asset Management Ltd. boosted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 222,130 shares of the company's stock after purchasing an additional 11,692 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Roblox were worth $12,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. Rakuten Securities Inc. increased its stake in 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. Simon Quick Advisors LLC increased its position in shares of Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after acquiring an additional 217 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Versant Capital Management Inc lifted its position in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after acquiring an additional 239 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock valued at $386,000 after acquiring an additional 245 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

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Insider Transactions at Roblox

In other news, CEO David Baszucki sold 34,099 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the completion of the transaction, the chief executive officer now owns 221,983 shares of the company's stock, valued at approximately $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Arvind Chakravarthy sold 982 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the sale, the insider now directly owns 204,261 shares in the company, valued at $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 have sold 926,466 shares of company stock valued at $60,212,297. 22.15% of the stock is currently owned by company insiders.

Roblox Price Performance

RBLX traded up $0.83 during trading on Tuesday, reaching $62.01. 4,740,591 shares of the company were exchanged, compared to its average volume of 7,618,985. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The company has a market cap of $38.38 billion, a price-to-earnings ratio of -42.77 and a beta of 1.49. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company's 50-day moving average is $63.53 and its two-hundred day moving average is $55.24.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data 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 net margin of 25.97% and a negative return on equity of 665.98%. Research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on RBLX shares. Macquarie increased their price objective on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. HSBC initiated coverage on shares of Roblox in a report on Thursday, December 12th. They issued a "buy" rating and a $63.00 target price for the company. Finally, CICC Research assumed coverage on shares of Roblox in a report on Tuesday, January 14th. They set an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus target price of $64.19.

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.