Van ECK Associates Corp Increases Holdings in Roblox Co. (NYSE:RBLX)

Van ECK Associates Corp increased its position in Roblox Co. (NYSE:RBLX - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,068,460 shares of the company's stock after purchasing an additional 7,071 shares during the quarter. Van ECK Associates Corp owned approximately 0.18% of Roblox worth $61,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Simon Quick Advisors LLC grew its holdings in shares of Roblox by 4.6% in 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 during the period. Versant Capital Management Inc lifted its position in shares of Roblox by 83.9% in 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. Impact Partnership Wealth LLC lifted its position in shares of Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company's stock worth $298,000 after buying an additional 245 shares in the last quarter. Yousif Capital Management LLC increased its stake in Roblox by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after acquiring an additional 245 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after acquiring an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RBLX shares. Barclays dropped their price objective on Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a research report on Friday, February 7th. Wedbush restated an "outperform" rating and issued a $83.00 price target on shares of Roblox in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Finally, Citigroup boosted 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $64.19.

Insider Activity

In related news, 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 completion of the sale, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Baszucki sold 333,334 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the sale, the chief executive officer now owns 129,295 shares of the company's stock, valued at $7,409,896.45. This trade represents a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,120,348 shares of company stock valued at $68,517,456 in the last 90 days. 22.15% of the stock is owned by company insiders.

Roblox Stock Performance

NYSE:RBLX traded up $1.09 during trading hours on Monday, hitting $66.62. 6,355,233 shares of the company traded hands, compared to its average volume of 9,327,394. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The stock has a market capitalization of $40.48 billion, a price-to-earnings ratio of -45.95 and a beta of 1.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a 50-day moving average of $63.64 and a 200 day moving average of $51.82.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping 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 795.19%. On average, analysts forecast that Roblox Co. will post -1.4 EPS for the current 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.