Roblox Co. (NYSE:RBLX) Shares Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC grew its position in shares of Roblox Co. (NYSE:RBLX) by 113.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,918 shares of the company’s stock after purchasing an additional 24,365 shares during the period. Great Lakes Advisors LLC’s holdings in Roblox were worth $2,657,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Simon Quick Advisors LLC boosted its position 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 last quarter. Parkside Financial Bank & Trust boosted its position in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Versant Capital Management Inc boosted 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 worth $30,000 after acquiring an additional 239 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Roblox by 3.8% in 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 boosted its position in shares of Roblox by 29.2% in 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. 94.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 138,555 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the transaction, the chief executive officer now owns 129,301 shares of the company’s stock, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 24,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the transaction, the insider now directly owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 916,367 shares of company stock valued at $59,700,949 over the last 90 days. 22.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RBLX shares. Barclays decreased their target price on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Needham & Company LLC raised their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their price target on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. Finally, Benchmark raised their price target on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a report on Friday, February 7th. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Stock Up 1.4 %

Shares of NYSE:RBLX opened at $56.51 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a fifty day simple moving average of $63.91 and a 200 day simple moving average of $54.40. The firm has a market cap of $34.98 billion, a PE ratio of -38.97 and a beta of 1.49. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly 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 665.98%. On average, equities research analysts anticipate 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.