Roblox Co. (NYSE:RBLX) Stake Increased by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its stake in Roblox Co. (NYSE:RBLX) by 68.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,793 shares of the company’s stock after acquiring an additional 129,537 shares during the period. Alliancebernstein L.P. owned 0.05% of Roblox worth $18,388,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. lifted its position in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after buying an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 during the period. Finally, GAMMA Investing LLC grew its position in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after buying an additional 271 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Mark Reinstra sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following the completion of the sale, the insider now owns 281,161 shares of the company’s stock, valued at $18,269,841.78. This trade represents a 15.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 138,555 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares in the company, valued at $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 947,666 shares of company stock valued at $61,513,341. Company insiders own 22.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price target on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Barclays lowered their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Needham & Company LLC upped 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. Wells Fargo & Company boosted their price objective on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Roth Mkm lifted their target price on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.23.

Roblox Stock Down 1.0 %

Shares of Roblox stock opened at $52.41 on Tuesday. 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 Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The firm has a market capitalization of $32.44 billion, a PE ratio of -36.15 and a beta of 1.49. The stock’s fifty day moving average is $62.13 and its 200-day moving average is $56.05.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating 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%. Equities analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current 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.