Russell Investments Group Ltd. Raises Stock Position in Roblox Co. (NYSE:RBLX)

Russell Investments Group Ltd. raised its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 52.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 595,486 shares of the company's stock after buying an additional 205,297 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Roblox worth $34,523,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RBLX. Versant Capital Management Inc grew its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after buying an additional 239 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. boosted 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after purchasing an additional 271 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several equities research analysts recently commented on the company. Needham & Company LLC lifted their price objective on Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, February 7th. The Goldman Sachs Group raised their price target on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, February 7th. 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 objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, January 10th. Finally, Roth Mkm lifted their target price on shares of Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average price target of $64.22.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 229,167 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the completion of the transaction, the chief executive officer now owns 221,983 shares of the company's stock, valued at $11,649,667.84. This represents a 50.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the firm'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 approximately $27,502,189.26. The trade was a 5.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,232,833 shares of company stock valued at $76,827,466. Corporate insiders own 22.15% of the company's stock.

Roblox Price Performance

Shares of RBLX stock traded up $1.16 on Friday, hitting $57.28. 5,987,783 shares of the stock traded hands, compared to its average volume of 7,883,882. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of -39.50 and a beta of 1.49. 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 has a 50 day simple moving average of $60.20 and a two-hundred day simple moving average of $56.34. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74.

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, 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 research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.