34,999 Shares in Roblox Co. (NYSE:RBLX) Acquired by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC acquired a new stake in shares of Roblox Co. (NYSE:RBLX) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 34,999 shares of the company’s stock, valued at approximately $2,025,000.

Several other large investors have also made changes to their positions in the company. FMR LLC increased its holdings in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after purchasing an additional 4,406,885 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Roblox by 26.8% in the fourth 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. Finally, Norges Bank acquired a new stake in Roblox during the 4th quarter valued at $167,211,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 34,099 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the sale, the chief executive officer now owns 221,983 shares of the company’s stock, valued at $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were 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 directly owns 6,254,137 shares of the company’s stock, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,003,666 shares of company stock valued at $64,800,781. Corporate insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on RBLX shares. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Macquarie boosted their price target on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. 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. HSBC started coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 target price for the company. Finally, Wedbush reissued an “outperform” rating and set a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

Roblox Stock Down 1.0 %

NYSE:RBLX opened at $52.41 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The stock’s fifty day simple moving average is $62.13 and its 200-day simple moving average is $56.05. The firm has a market capitalization of $32.44 billion, a P/E ratio of -36.15 and a beta of 1.49.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) 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%. Equities research analysts expect that Roblox Co. will post -1.49 earnings per share 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.