Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 44,100 Shares of Roblox Co. (NYSE:RBLX)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Roblox Co. (NYSE:RBLX) by 68.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 108,500 shares of the company’s stock after acquiring an additional 44,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Roblox were worth $6,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of RBLX. International Assets Investment Management LLC boosted its position in Roblox by 1,430.3% in the third quarter. International Assets Investment Management LLC now owns 84,271 shares of the company’s stock worth $3,730,000 after purchasing an additional 78,764 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Roblox by 853.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 278,576 shares of the company’s stock worth $12,330,000 after purchasing an additional 249,347 shares during the period. Forsta AP Fonden boosted its holdings in shares of Roblox by 10.7% in the 3rd quarter. Forsta AP Fonden now owns 101,200 shares of the company’s stock worth $4,479,000 after buying an additional 9,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Roblox by 266.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 34,851 shares of the company’s stock valued at $1,542,000 after buying an additional 25,333 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new stake in Roblox during the third quarter worth about $434,000. 94.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on RBLX shares. Piper Sandler reiterated an “overweight” rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. CICC Research assumed coverage on Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. Barclays dropped their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 6,448 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.33, for a total transaction of $395,455.84. Following the sale, the chief executive officer now owns 122,853 shares in the company, valued at $7,534,574.49. This trade represents a 4.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the transaction, the chief financial officer now owns 417,079 shares of the company’s stock, valued at $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,090,297 shares of company stock valued at $67,514,814 in the last quarter. Corporate insiders own 22.15% of the company’s stock.

Roblox Price Performance

NYSE:RBLX opened at $61.09 on Tuesday. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The stock has a fifty day moving average of $64.03 and a 200 day moving average of $52.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market capitalization of $37.82 billion, a price-to-earnings ratio of -42.13 and a beta of 1.46.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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, research analysts expect that Roblox Co. will post -1.49 EPS 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.