Vanguard Group Inc. Has $3.08 Billion Position in Roblox Co. (NYSE:RBLX)

Vanguard Group Inc. grew its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,239,693 shares of the company's stock after purchasing an additional 462,450 shares during the period. Vanguard Group Inc. owned about 8.76% of Roblox worth $3,080,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RBLX. Empowered Funds LLC lifted its position in shares of Roblox by 10.8% in the 3rd quarter. Empowered Funds LLC now owns 7,889 shares of the company's stock valued at $349,000 after acquiring an additional 767 shares in the last quarter. Quest Partners LLC acquired a new stake in Roblox during the 3rd quarter valued at $103,000. Commerce Bank lifted its holdings in shares of Roblox by 5.7% in the third quarter. Commerce Bank now owns 7,360 shares of the company's stock valued at $326,000 after purchasing an additional 400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Roblox by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,015,344 shares of the company's stock worth $89,199,000 after buying an additional 117,515 shares during the period. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of Roblox by 12.5% during the third quarter. Great Valley Advisor Group Inc. now owns 10,270 shares of the company's stock valued at $455,000 after buying an additional 1,140 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

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Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 982 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the transaction, the insider now 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 worth $60,212,297. Insiders own 22.15% of the company's stock.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of research reports. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research report on Friday, February 7th. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Finally, Barclays dropped their price target on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.23.

Roblox Stock Performance

RBLX stock traded down $0.51 during mid-day trading on Friday, reaching $58.99. 6,545,099 shares of the stock traded hands, compared to its average volume of 7,799,691. The firm has a market capitalization of $36.51 billion, a PE ratio of -40.68 and a beta of 1.49. The business has a 50-day moving average of $63.22 and a two-hundred day moving average of $55.48. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last announced 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 predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

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.