Andra AP fonden Reduces Position in Roblox Co. (NYSE:RBLX)

Andra AP fonden decreased its position in Roblox Co. (NYSE:RBLX) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 284,400 shares of the company’s stock after selling 39,500 shares during the period. Andra AP fonden’s holdings in Roblox were worth $16,455,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Frazier Financial Advisors LLC boosted its holdings in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the period. Parkside Financial Bank & Trust boosted its holdings 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 period. Huntington National Bank boosted its holdings in shares of Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares during the period. Finally, True Wealth Design LLC boosted its holdings in shares of Roblox by 33,875.0% in the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the sale, the insider now directly owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Guthrie sold 26,154 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the sale, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 961,255 shares of company stock valued at $62,394,678. 22.15% of the stock is owned by insiders.

Roblox Price Performance

NYSE RBLX opened at $57.24 on Friday. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The stock’s fifty day moving average price is $64.28 and its 200 day moving average price is $53.79. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The company has a market cap of $35.43 billion, a price-to-earnings ratio of -39.48 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RBLX. Wells Fargo & Company boosted their price target on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Macquarie boosted their price objective on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Needham & Company LLC boosted their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Wedbush reissued an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.