Roblox Co. (NYSE:RBLX) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 620,983 shares of the company's stock after purchasing an additional 36,828 shares during the period. Dimensional Fund Advisors LP owned 0.10% of Roblox worth $35,933,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC raised its position 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 worth $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Roblox by 1,084.2% during the fourth 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 during the last quarter. Ieq Capital LLC boosted its position in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after buying an additional 3,507,901 shares during the last quarter. Finally, Norges Bank bought a new stake in Roblox in the 4th quarter worth about $167,211,000. Institutional investors own 94.46% of the company's stock.

Roblox Stock Down 0.6 %

Shares of Roblox stock traded down $0.42 during trading on Thursday, hitting $70.02. 4,735,669 shares of the stock traded hands, compared to its average volume of 8,016,073. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock's fifty day simple moving average is $60.31 and its 200 day simple moving average is $59.01. The firm has a market cap of $44.01 billion, a P/E ratio of -48.29 and a beta of 1.46. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on RBLX. Barclays raised their price target on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Macquarie boosted their price target on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday. FBN Securities assumed coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective on the stock. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research note on Friday, February 7th. Finally, Roth Mkm lifted their price objective on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.91.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at approximately $4,636,261.22. This represents a 5.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 229,167 shares of Roblox stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the sale, the chief executive officer now owns 221,983 shares of the company's stock, valued at $11,649,667.84. The trade was a 50.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,164,386 shares of company stock worth $146,492,013 in the last ninety days. 22.15% of the stock is owned by insiders.

Roblox 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.