Wellington Management Group LLP Has $122.90 Million Position in Roblox Co. (NYSE:RBLX)

Wellington Management Group LLP lifted its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 255.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,124,122 shares of the company's stock after acquiring an additional 1,526,020 shares during the period. Wellington Management Group LLP owned 0.34% of Roblox worth $122,902,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc boosted its position in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the period. EverSource Wealth Advisors LLC grew its position in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after buying an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after acquiring an additional 271 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

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Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 250,000 shares of the business's 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 completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,003,666 shares of company stock worth $64,800,781 in the last 90 days. 22.15% of the stock is owned by insiders.

Roblox Stock Up 1.7 %

RBLX traded up $0.91 during trading on Tuesday, reaching $53.44. 1,644,326 shares of the stock traded hands, compared to its average volume of 8,921,670. 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 fifty-two week low of $29.55 and a fifty-two week high of $75.74. The stock's 50-day simple moving average is $62.13 and its two-hundred day simple moving average is $56.05. The stock has a market cap of $33.08 billion, a price-to-earnings ratio of -36.85 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (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 expect that Roblox Co. will post -1.49 EPS for the current year.

Analyst Ratings Changes

RBLX has been the subject of several research analyst reports. Needham & Company LLC upped their price objective on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a report on Friday, February 7th. FBN Securities assumed coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target for the company. Wells Fargo & Company boosted their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley lifted their price target on shares of Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group increased their price objective on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $64.23.

Roblox Company 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.