Vestmark Advisory Solutions Inc. Grows Holdings in Roblox Co. (NYSE:RBLX)

Vestmark Advisory Solutions Inc. lifted its position in Roblox Co. (NYSE:RBLX) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 254,466 shares of the company’s stock after purchasing an additional 20,765 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Roblox were worth $13,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. FMR LLC grew its position in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after buying an additional 3,507,901 shares in the last quarter. State Street Corp boosted its holdings in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after purchasing an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. grew its position in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Roblox by 5.2% in the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after purchasing an additional 408,915 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on RBLX. Roth Mkm lifted their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Moffett Nathanson lowered shares of 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. The Goldman Sachs Group boosted their target price on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $83.00 price target on shares of Roblox in a report on Friday, February 7th. Finally, HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Price Performance

RBLX opened at $63.35 on Thursday. The firm has a market capitalization of $39.22 billion, a PE ratio of -43.69 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 business’s 50-day moving average is $64.31 and its two-hundred day moving average is $53.75. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings data 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 665.98%. Research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Manuel Bronstein sold 44,888 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the completion of the transaction, the insider now directly owns 573,266 shares of the company’s stock, valued at approximately $34,401,692.66. This represents a 7.26 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 911,255 shares of company stock valued at $59,387,678. Corporate insiders own 22.15% of the company’s stock.

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.