Vestcor Inc Purchases 1,394 Shares of Roblox Co. (NYSE:RBLX)

Vestcor Inc boosted its position in shares of Roblox Co. (NYSE:RBLX) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,711 shares of the company’s stock after acquiring an additional 1,394 shares during the quarter. Vestcor Inc’s holdings in Roblox were worth $562,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RBLX. Janney Montgomery Scott LLC grew its stake in Roblox by 94.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock worth $815,000 after acquiring an additional 8,939 shares in the last quarter. Principal Financial Group Inc. grew its stake in Roblox by 308.2% in the 3rd quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after acquiring an additional 137,267 shares in the last quarter. Sigma Planning Corp grew its stake in Roblox by 6.6% in the 3rd quarter. Sigma Planning Corp now owns 6,822 shares of the company’s stock worth $302,000 after acquiring an additional 420 shares in the last quarter. Versor Investments LP bought a new position in Roblox in the 3rd quarter worth about $257,000. Finally, Victory Capital Management Inc. grew its stake in Roblox by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 164,035 shares of the company’s stock worth $7,260,000 after acquiring an additional 3,114 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RBLX shares. Morgan Stanley upped their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Barclays dropped their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. The Goldman Sachs Group increased their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company increased their price objective on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Trading Up 1.4 %

NYSE RBLX opened at $56.51 on Monday. The company has a fifty day simple moving average of $63.91 and a two-hundred day simple moving average of $54.47. The stock has a market cap of $34.98 billion, a P/E ratio of -38.97 and a beta of 1.49. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) 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%. On average, analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 195,068 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $64.94, for a total value of $12,667,715.92. Following the sale, the chief executive officer now owns 122,853 shares in the company, valued at $7,978,073.82. This represents a 61.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the sale, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 916,367 shares of company stock worth $59,700,949 over the last 90 days. 22.15% of the stock is currently owned by company insiders.

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.