Roblox Co. (NYSE:RBLX) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its position in Roblox Co. (NYSE:RBLX) by 33.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,073,777 shares of the company’s stock after acquiring an additional 268,823 shares during the period. Federated Hermes Inc.’s holdings in Roblox were worth $62,180,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in Roblox by 21.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company’s stock valued at $1,533,000 after purchasing an additional 6,077 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Roblox in the third quarter valued at approximately $818,000. Janus Henderson Group PLC grew its holdings in Roblox by 3.9% during the third quarter. Janus Henderson Group PLC now owns 48,908 shares of the company’s stock worth $2,164,000 after acquiring an additional 1,827 shares during the period. Royal London Asset Management Ltd. raised its position in Roblox by 3.6% in the third quarter. Royal London Asset Management Ltd. now owns 210,438 shares of the company’s stock worth $9,314,000 after acquiring an additional 7,332 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Roblox by 85.8% in the third quarter. Quantinno Capital Management LP now owns 34,316 shares of the company’s stock valued at $1,519,000 after acquiring an additional 15,846 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 250,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the sale, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. 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 business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 947,666 shares of company stock worth $61,513,341 over the last ninety days. 22.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RBLX. 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. FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They issued a “sector perform” rating and a $65.00 target price for the company. CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. Morgan Stanley lifted their price objective on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.23.

Roblox Stock Down 9.2 %

Shares of NYSE RBLX opened at $52.84 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $32.71 billion, a PE ratio of -36.44 and a beta of 1.49. The firm has a fifty day moving average of $62.42 and a 200-day moving average of $56.00. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

Roblox (NYSE:RBLX) last released 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 return on equity of 665.98% and a negative net margin of 25.97%. On average, analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

About Roblox

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.