3,685 Shares in Roblox Co. (NYSE:RBLX) Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC bought a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,685 shares of the company's stock, valued at approximately $213,000.

Several other hedge funds have also recently added to or reduced their stakes in RBLX. FMR LLC increased its stake in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after buying an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after buying an additional 4,406,885 shares in the last quarter. Ieq Capital LLC raised its stake in Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after buying an additional 3,507,901 shares during the period. Finally, Norges Bank bought a new position in Roblox during the fourth quarter worth about $167,211,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity at Roblox

In other news, insider Mark Reinstra sold 19,525 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,287,478.50. Following the transaction, the insider now owns 339,206 shares of the company's stock, valued at approximately $22,367,243.64. This represents a 5.44 % 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 Roblox stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 directly owns 417,079 shares of the company's stock, 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. In the last quarter, insiders have sold 764,399 shares of company stock worth $45,431,661. Company insiders own 22.15% of the company's stock.

Roblox Stock Performance

Shares of RBLX opened at $74.19 on Friday. The company has a market cap of $46.63 billion, a PE ratio of -51.17 and a beta of 1.49. The firm has a 50-day moving average of $59.73 and a 200-day moving average of $58.49. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned ($0.43) earnings per share. The business's revenue was up 30.6% compared to the same quarter last year. As a group, equities analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RBLX shares. Canaccord Genuity Group raised their price target on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday. FBN Securities started coverage on shares of Roblox in a report on Friday, March 28th. They set a "sector perform" rating and a $65.00 target price on the stock. Benchmark upped their price target on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Finally, Barclays boosted their price objective on shares of Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average target price of $67.27.

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.

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