Royal London Asset Management Ltd. Raises Holdings in Roblox Co. (NYSE:RBLX)

Royal London Asset Management Ltd. boosted its stake in shares of Roblox Co. (NYSE:RBLX) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,130 shares of the company’s stock after acquiring an additional 11,692 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Roblox were worth $12,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. raised its position in Roblox by 5.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock valued at $296,000 after purchasing an additional 321 shares during the last quarter. Empowered Funds LLC raised its position in Roblox by 10.8% during the 3rd quarter. Empowered Funds LLC now owns 7,889 shares of the company’s stock valued at $349,000 after purchasing an additional 767 shares during the last quarter. Quest Partners LLC bought a new position in Roblox during the 3rd quarter valued at approximately $103,000. Pathstone Holdings LLC raised its position in Roblox by 7.2% during the 3rd quarter. Pathstone Holdings LLC now owns 88,296 shares of the company’s stock valued at $3,908,000 after purchasing an additional 5,898 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Roblox during the 3rd quarter valued at approximately $395,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares of the company’s stock, valued at $16,620,119.75. The trade was a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the sale, the insider now directly owns 204,261 shares of the company’s stock, valued at $12,513,028.86. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 950,466 shares of company stock valued at $61,646,297 over the last 90 days. Company insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Shares of RBLX opened at $61.21 on Friday. The business’s fifty day simple moving average is $63.54 and its two-hundred day simple moving average is $54.90. The company has a current ratio of 1.02, a quick ratio of 0.98 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 company has a market cap of $37.89 billion, a price-to-earnings ratio of -42.21 and a beta of 1.49.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on RBLX. Morgan Stanley upped their price target on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. CICC Research assumed coverage on Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. increased their target price on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Barclays decreased their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC increased their target price on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.