Arizona State Retirement System Buys 3,542 Shares of Roblox Co. (NYSE:RBLX)

Arizona State Retirement System increased its stake in shares of Roblox Co. (NYSE:RBLX) by 2.6% during the 4th quarter, Holdings Channel reports. The fund owned 139,068 shares of the company’s stock after acquiring an additional 3,542 shares during the period. Arizona State Retirement System’s holdings in Roblox were worth $8,046,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its position in shares of Roblox by 94.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock worth $815,000 after purchasing an additional 8,939 shares in the last quarter. Gulf International Bank UK Ltd boosted its holdings in Roblox by 8.4% in the third quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company’s stock worth $1,667,000 after acquiring an additional 2,932 shares in the last quarter. Principal Financial Group Inc. grew its stake in Roblox by 308.2% in the third quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock valued at $8,047,000 after acquiring an additional 137,267 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Roblox during the third quarter valued at approximately $100,000. Finally, AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Roblox by 23.2% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company’s stock worth $19,783,000 after purchasing an additional 84,198 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on RBLX shares. CICC Research assumed coverage on shares of Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. Wedbush reiterated an “outperform” rating and set a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Finally, Benchmark increased their price objective on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Stock Down 2.3 %

RBLX opened at $57.24 on Friday. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company’s 50-day moving average price is $64.28 and its two-hundred day moving average price is $53.79. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of -39.48 and a beta of 1.49. 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 (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share 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 analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the sale, the insider now owns 204,261 shares of the company’s stock, valued at $12,513,028.86. The trade was a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Guthrie sold 50,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total value of $3,007,000.00. Following the sale, the chief financial officer now owns 395,465 shares in the company, valued at approximately $23,783,265.10. This represents a 11.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 961,255 shares of company stock worth $62,394,678. 22.15% of the stock is owned by company insiders.

Roblox Company 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.