Motley Fool Asset Management LLC Increases Stock Position in Roblox Co. (NYSE:RBLX)

Motley Fool Asset Management LLC raised its holdings in Roblox Co. (NYSE:RBLX) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,824 shares of the company’s stock after purchasing an additional 1,102 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Roblox were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in RBLX. Barclays PLC boosted its stake in shares of Roblox by 171.8% during the 3rd quarter. Barclays PLC now owns 1,086,243 shares of the company’s stock worth $31,457,000 after acquiring an additional 686,594 shares in the last quarter. Aviva PLC lifted its stake in Roblox by 202.5% in the 3rd quarter. Aviva PLC now owns 195,411 shares of the company’s stock valued at $5,659,000 after buying an additional 130,818 shares in the last quarter. Morgan Stanley lifted its stake in Roblox by 13.7% in the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after buying an additional 4,927,848 shares in the last quarter. Vanguard Group Inc. lifted its stake in Roblox by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock valued at $1,291,414,000 after buying an additional 10,025,779 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Roblox in the 3rd quarter valued at approximately $6,415,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $36.06, for a total value of $1,081,800.00. Following the transaction, the chief financial officer now owns 396,709 shares of the company’s stock, valued at $14,305,326.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Mark Reinstra sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total transaction of $146,760.00. Following the transaction, the insider now owns 359,453 shares in the company, valued at $13,188,330.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $36.06, for a total transaction of $1,081,800.00. Following the transaction, the chief financial officer now owns 396,709 shares in the company, valued at approximately $14,305,326.54. The disclosure for this sale can be found here. Insiders have sold 699,374 shares of company stock valued at $29,183,298 over the last quarter. Insiders own 22.15% of the company’s stock.

Roblox Stock Up 1.3 %

Shares of Roblox stock traded up $0.45 during trading hours on Friday, hitting $35.98. 3,745,453 shares of the company’s stock traded hands, compared to its average volume of 7,516,952. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The stock has a 50 day simple moving average of $38.53 and a 200-day simple moving average of $39.00. The company has a market cap of $21.27 billion, a PE ratio of -19.24 and a beta of 1.63.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company posted ($0.48) earnings per share. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities research analysts anticipate that Roblox Co. will post -2.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent research reports. Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $26.00 to $46.00 in a research note on Thursday, February 8th. Roth Mkm upped their target price on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Needham & Company LLC upped their target price on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. BMO Capital Markets increased their price target on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised Roblox from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $41.00 to $48.00 in a research note on Tuesday. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $47.60.

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.