American Trust Takes $211,000 Position in Roblox Co. (NYSE:RBLX)

American Trust bought a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,646 shares of the company's stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Roblox by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after acquiring an additional 462,450 shares during the last quarter. FMR LLC grew its holdings in shares of Roblox by 89.4% in 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 during the period. Wealthfront Advisers LLC increased 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 valued at $1,063,365,000 after buying an additional 17,312,325 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, Geode Capital Management LLC lifted its holdings in Roblox by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after acquiring an additional 246,610 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on RBLX shares. Benchmark increased their price target on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Canaccord Genuity Group increased their target price on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Citigroup reaffirmed a "buy" rating and issued a $100.00 price target (up previously from $85.00) on shares of Roblox in a research note on Thursday. Wells Fargo & Company upped their price target on shares of Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley dropped their price objective on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and a consensus target price of $70.86.

Insider Transactions at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the transaction, the insider now owns 364,244 shares in the company, valued at $21,122,509.56. This represents a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the completion of the sale, the chief financial officer now owns 395,465 shares of the company's stock, valued at approximately $23,783,265.10. The trade was a 11.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,532,039 shares of company stock worth $177,792,818 over the last quarter. Company insiders own 12.92% of the company's stock.

Roblox Stock Up 2.6%

Shares of NYSE:RBLX traded up $2.21 during midday trading on Friday, hitting $87.00. The stock had a trading volume of 13,176,149 shares, compared to its average volume of 8,637,541. The company has a market cap of $54.81 billion, a P/E ratio of -60.00 and a beta of 1.46. Roblox Co. has a 12 month low of $32.31 and a 12 month high of $87.16. The business's 50-day simple moving average is $67.23 and its 200-day simple moving average is $62.64. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Roblox's quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.43) earnings per share. On average, sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.