Focus Partners Advisor Solutions LLC Purchases New Shares in Roblox Co. (NYSE:RBLX)

Focus Partners Advisor Solutions LLC acquired a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,797 shares of the company's stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 462,450 shares in the last quarter. FMR LLC grew its position 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 acquiring an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Roblox by 74,400.8% during the fourth 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 in the last quarter. Ieq Capital LLC raised its stake in Roblox by 26.8% during the fourth 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 in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Roblox by 3.0% in 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 during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RBLX shares. Needham & Company LLC reiterated a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. Oppenheimer upped their price target on shares of Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Canaccord Genuity Group boosted their price objective on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wedbush reiterated an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research report on Thursday, April 24th. Finally, OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $69.36.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 6,391 shares of the business's stock in a transaction dated 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 directly owns 73,931 shares of the company's stock, valued at $5,963,274.46. The trade was a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Guthrie sold 50,000 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 395,465 shares in the company, valued at approximately $23,783,265.10. The trade was a 11.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,532,039 shares of company stock valued at $177,792,818. Corporate insiders own 12.92% of the company's stock.

Roblox Trading Up 0.6%

NYSE RBLX traded up $0.48 during trading hours on Friday, hitting $85.27. 2,958,968 shares of the company's stock were exchanged, compared to its average volume of 7,714,282. The firm has a market cap of $53.72 billion, a price-to-earnings ratio of -59.19 and a beta of 1.46. The stock has a 50-day simple moving average of $67.23 and a 200 day simple moving average of $62.64. 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 Co. has a 1-year low of $32.70 and a 1-year high of $86.28.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm posted ($0.43) EPS. The company's quarterly revenue was up 30.6% on a year-over-year basis. On average, equities analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

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.