US Bancorp DE Buys 1,102 Shares of Roblox Co. (NYSE:RBLX)

US Bancorp DE lifted its stake in Roblox Co. (NYSE:RBLX) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,910 shares of the company’s stock after acquiring an additional 1,102 shares during the period. US Bancorp DE’s holdings in Roblox were worth $3,814,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after buying an additional 4,115,286 shares during the period. Ieq Capital LLC increased its position in Roblox by 26.8% in the 4th 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 during the period. State Street Corp increased its position in Roblox by 2.3% in the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after buying an additional 240,565 shares during the period. ValueAct Holdings L.P. increased its position in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after buying an additional 7,835,921 shares during the period. Finally, Geode Capital Management LLC increased its position in Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after buying an additional 408,915 shares during the period. 94.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on RBLX. JPMorgan Chase & Co. lifted their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. CICC Research initiated coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating on the stock. Wells Fargo & Company lifted their price objective on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Citigroup lifted their price objective on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Roth Mkm lifted their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Trading Up 1.1 %

RBLX stock opened at $63.35 on Thursday. The company has a market cap of $39.22 billion, a P/E ratio of -43.69 and a beta of 1.46. Roblox Co. has a twelve month low of $29.55 and a twelve month 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. The business has a fifty day moving average of $64.31 and a 200-day moving average of $53.75.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates 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.

Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction dated 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 owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christopher Carvalho sold 12,986 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $63.57, for a total value of $825,520.02. Following the completion of the sale, the director now owns 982,412 shares of the company’s stock, valued at $62,451,930.84. This represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 911,255 shares of company stock worth $59,387,678 over the last 90 days. 22.15% of the stock is owned by insiders.

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.