Fmr LLC Has $2.29 Billion Stake in Roblox Co. (NYSE:RBLX)

Fmr LLC boosted its stake in shares of Roblox Co. (NYSE:RBLX) by 89.4% in the fourth quarter, Holdings Channel reports. The firm owned 39,658,528 shares of the company’s stock after acquiring an additional 18,715,837 shares during the period. Fmr LLC owned about 0.07% of Roblox worth $2,294,642,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Roblox by 44.5% in 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 last quarter. Rakuten Securities Inc. grew its position in shares of 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 increased its stake in shares of Roblox by 188.4% in the fourth 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 lifted its position in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 5,879 shares of the business’s 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 sale, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 50,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the completion of the transaction, the insider now directly owns 281,161 shares in the company, valued at $18,269,841.78. This trade represents a 15.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 947,666 shares of company stock worth $61,513,341 in the last quarter. Insiders own 22.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research report on Friday, February 7th. Needham & Company LLC increased their price target on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. Morgan Stanley boosted their price objective on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Macquarie increased their target price on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus price target of $64.23.

Roblox Stock Down 9.2 %

NYSE RBLX opened at $52.84 on Friday. The stock’s 50 day simple moving average is $62.42 and its 200 day simple moving average is $55.93. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The firm has a market cap of $32.71 billion, a PE ratio of -36.44 and a beta of 1.49. 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 (NYSE:RBLX) last announced 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%. As a group, sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.