AustralianSuper Pty Ltd Raises Stock Holdings in Roblox Co. (NYSE:RBLX)

AustralianSuper Pty Ltd boosted its stake in Roblox Co. (NYSE:RBLX) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,067 shares of the company’s stock after buying an additional 2,755 shares during the period. AustralianSuper Pty Ltd’s holdings in Roblox were worth $1,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RBLX. V Square Quantitative Management LLC purchased a new stake in Roblox during the third quarter worth about $27,000. Frazier Financial Advisors LLC increased its stake in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. Versant Capital Management Inc increased its stake in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the period. Huntington National Bank increased its stake in Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares during the period. Finally, True Wealth Design LLC increased its stake in Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock worth $60,000 after purchasing an additional 1,355 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on RBLX shares. Benchmark boosted their price target on shares of Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price objective on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Wedbush reissued an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research report on Friday, February 7th. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Finally, Raymond James reissued a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roblox currently has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Price Performance

Shares of NYSE RBLX opened at $66.62 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The stock has a 50 day moving average of $63.45 and a two-hundred day moving average of $51.56. The stock has a market cap of $40.48 billion, a P/E ratio of -45.95 and a beta of 1.46.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, research analysts forecast that Roblox Co. will post -1.4 earnings per share for the current year.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 166,666 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.71, for a total transaction of $8,451,632.86. Following the completion of the sale, the chief executive officer now owns 135,755 shares in the company, valued at $6,884,136.05. This represents a 55.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Guthrie sold 21,657 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $1,113,819.51. Following the completion of the transaction, the chief financial officer now owns 331,187 shares of the company’s stock, valued at $17,032,947.41. The trade was a 6.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,287,014 shares of company stock worth $76,969,089 over the last 90 days. 22.15% of the stock is currently owned by insiders.

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.