Roblox Co. (NYSE:RBLX) Shares Acquired by Carrera Capital Advisors

Carrera Capital Advisors boosted its stake in shares of Roblox Co. (NYSE:RBLX) by 38.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,488 shares of the company’s stock after purchasing an additional 4,814 shares during the quarter. Carrera Capital Advisors’ holdings in Roblox were worth $1,012,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RBLX. FMR LLC boosted its holdings in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares during the period. Ieq Capital LLC boosted its stake in Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the period. State Street Corp grew its position in Roblox by 2.3% in the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. increased its stake in shares of Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Roblox by 5.2% during the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after buying an additional 408,915 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Performance

Shares of RBLX opened at $62.83 on Wednesday. The company has a 50-day moving average of $64.23 and a two-hundred day moving average of $53.69. The stock has a market cap of $38.89 billion, a price-to-earnings ratio of -43.33 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) 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 expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity

In related news, CFO Michael Guthrie sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the completion of the sale, the chief financial officer now directly owns 331,187 shares in the company, valued at approximately $18,519,977.04. This trade represents a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 333,334 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the completion of the transaction, the chief executive officer now owns 129,295 shares in the company, valued at approximately $7,409,896.45. This represents a 72.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,136,535 shares of company stock worth $70,589,814. 22.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RBLX. Macquarie increased their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Benchmark increased their price target on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Needham & Company LLC lifted their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Citigroup increased their target price on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, CICC Research initiated coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.19.

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.