American Trust Takes Position in Roblox Co. (NYSE:RBLX)

American Trust bought a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,646 shares of the company's stock, valued at approximately $211,000.

Several other hedge funds have also recently bought and sold shares of RBLX. FMR LLC boosted its stake 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 purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after acquiring an additional 17,312,325 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after acquiring an additional 4,406,885 shares during the last quarter. Durable Capital Partners LP bought a new stake in Roblox during the 4th quarter worth approximately $246,560,000. Finally, Ieq Capital LLC grew its holdings 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 acquiring an additional 3,507,901 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RBLX shares. 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. Macquarie boosted their target price on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. Wedbush reissued an "outperform" rating and set a $83.00 target price on shares of Roblox in a report on Thursday, April 24th. Finally, Citigroup reissued a "buy" rating and set a $100.00 target price (up from $85.00) on shares of Roblox in a report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.86.

Roblox Stock Up 2.6%

Shares of Roblox stock traded up $2.21 during trading on Friday, reaching $87.00. 14,082,697 shares of the company traded hands, compared to its average volume of 7,764,300. 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 Co. has a 1-year low of $33.88 and a 1-year high of $87.16. The company has a 50 day moving average price of $67.73 and a 200-day moving average price of $62.93. The firm has a market capitalization of $59.01 billion, a PE ratio of -60.00 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) 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 company 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 company earned ($0.43) EPS. Roblox's quarterly revenue was up 30.6% compared to the same quarter last year. As a group, equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 6,391 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total transaction of $515,498.06. Following the completion of the sale, the chief accounting officer now owns 73,931 shares in the company, valued at approximately $5,963,274.46. The trade was a 7.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 50,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $84.64, for a total transaction of $4,232,000.00. Following the sale, the insider now owns 389,489 shares of the company's stock, valued at $32,966,348.96. This trade represents a 11.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,532,039 shares of company stock worth $177,792,818. 12.92% of the stock is owned by corporate 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.