Schroder Investment Management Group Grows Stock Position in Roblox Co. (NYSE:RBLX)

Schroder Investment Management Group raised its position in Roblox Co. (NYSE:RBLX - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 596,038 shares of the company's stock after acquiring an additional 96,397 shares during the period. Schroder Investment Management Group owned approximately 0.10% of Roblox worth $34,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc increased 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 acquiring an additional 239 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in 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 purchasing an additional 230 shares in the last quarter. Rakuten Securities Inc. grew its position in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings 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 buying an additional 271 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, insider Mark Reinstra sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following the completion of the sale, the insider now directly owns 281,161 shares in the company, valued at $18,269,841.78. This represents a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the transaction, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 947,666 shares of company stock valued at $61,513,341 in the last 90 days. 22.15% of the stock is owned by insiders.

Roblox Price Performance

Roblox stock traded down $3.38 during midday trading on Thursday, reaching $58.23. The company had a trading volume of 6,556,835 shares, compared to its average volume of 7,832,574. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a market capitalization of $36.05 billion, a P/E ratio of -40.16 and a beta of 1.49. The firm's fifty day simple moving average is $62.71 and its 200-day simple moving average is $55.81.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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 EPS for the current year.

Analyst Ratings Changes

RBLX has been the topic of a number of research analyst reports. Piper Sandler reissued an "overweight" rating and set a $72.00 price objective (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. HSBC started coverage on Roblox in a research note on Thursday, December 12th. They set a "buy" rating and a $63.00 price target on the stock. Morgan Stanley raised their price objective on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Barclays cut their price target on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. 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 analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.23.

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.