Roblox Co. (NYSE:RBLX) Stock Holdings Lifted by Amundi

Amundi lifted its stake in shares of Roblox Co. (NYSE:RBLX) by 111.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,191,137 shares of the company’s stock after acquiring an additional 1,681,263 shares during the quarter. Amundi’s holdings in Roblox were worth $198,010,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Simon Quick Advisors LLC boosted its position in shares of Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after purchasing an additional 217 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 worth $43,000 after buying an additional 230 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 worth $30,000 after buying an additional 239 shares during the period. Yousif Capital Management LLC increased its position in shares of Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after acquiring an additional 245 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after acquiring an additional 271 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 195,068 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $64.94, for a total value of $12,667,715.92. Following the completion of the sale, the chief executive officer now owns 122,853 shares in the company, valued at approximately $7,978,073.82. This trade represents a 61.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the sale, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 961,255 shares of company stock worth $62,394,678 over the last ninety days. Company insiders own 22.15% of the company’s stock.

Roblox Stock Down 2.3 %

RBLX opened at $57.24 on Monday. The firm has a market cap of $35.43 billion, a P/E ratio of -39.48 and a beta of 1.49. 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 business has a 50 day moving average price of $64.23 and a 200 day moving average price of $54.07. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. HSBC assumed coverage on shares of Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 target price on the stock. Moffett Nathanson lowered Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a research report on Friday, February 7th. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Raymond James reiterated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. Finally, Roth Mkm raised their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $64.19.

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.