Roblox Co. (NYSE:RBLX) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its position in shares of Roblox Co. (NYSE:RBLX) by 15,140.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,524 shares of the company’s stock after acquiring an additional 1,514 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Roblox were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings 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 acquiring an additional 239 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. boosted its holdings in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 633 shares during the period. Finally, GAMMA Investing LLC raised its stake 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. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other news, insider Manuel Bronstein sold 14,721 shares of Roblox stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $61.10, for a total transaction of $899,453.10. Following the sale, the insider now owns 598,929 shares of the company’s stock, valued at approximately $36,594,561.90. The trade was a 2.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Reinstra sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the completion of the transaction, the insider now owns 281,161 shares in the company, valued at $18,269,841.78. This represents a 15.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 926,466 shares of company stock valued at $60,212,297. Insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Roth Mkm raised their target price on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. HSBC started coverage on shares of Roblox in a report on Thursday, December 12th. They set a “buy” rating and a $63.00 target price for the company. Needham & Company LLC increased their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company lifted their price objective on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Macquarie increased their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One investment 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’s stock. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Stock Performance

NYSE:RBLX opened at $61.21 on Monday. The company has a market cap of $37.89 billion, a P/E ratio of -42.21 and a beta of 1.49. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company’s 50-day moving average price is $63.54 and its 200-day moving average price is $54.98. 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 (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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, sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.