National Pension Service Sells 58,300 Shares of Roblox Co. (NYSE:RBLX)

National Pension Service reduced its position in Roblox Co. (NYSE:RBLX) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 790,100 shares of the company’s stock after selling 58,300 shares during the period. National Pension Service’s holdings in Roblox were worth $45,715,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Toronto Dominion Bank lifted its holdings in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after purchasing an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC lifted its holdings in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Roblox in the 4th quarter worth $363,000. Entropy Technologies LP lifted its holdings in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after purchasing an additional 62,521 shares in the last quarter. Finally, Silicon Valley Capital Partners lifted its holdings in shares of Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after purchasing an additional 66,882 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BTIG Research raised their price objective on Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity Group raised their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup raised their price objective on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Morgan Stanley raised their price objective on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group raised their price objective on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Roblox Trading Up 1.1 %

Shares of RBLX opened at $60.43 on Friday. The business has a 50-day moving average of $64.04 and a 200 day moving average of $52.99. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm has a market cap of $37.41 billion, a P/E ratio of -41.68 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping 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%. As a group, research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at $4,909,320. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 1,445 shares of Roblox stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $60.50, for a total value of $87,422.50. Following the transaction, the chief executive officer now directly owns 122,853 shares of the company’s stock, valued at $7,432,606.50. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,160,553 shares of company stock valued at $71,809,407. 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.