Avanza Fonder AB Trims Stock Holdings in Roblox Co. (NYSE:RBLX)

Avanza Fonder AB decreased its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,279 shares of the company's stock after selling 3,034 shares during the period. Avanza Fonder AB's holdings in Roblox were worth $5,809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RBLX. MetLife Investment Management LLC raised its position in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after buying an additional 161 shares during the last quarter. Rakuten Securities Inc. increased its stake in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares during the period. Gordian Capital Singapore Pte Ltd increased its stake in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after acquiring an additional 240 shares during the period. Finally, Yousif Capital Management LLC increased its stake in shares of Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after acquiring an additional 245 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 6,391 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total value 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. This trade represents a 7.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total value of $347,940.00. Following the completion of the sale, the insider now directly owns 364,244 shares of the company's stock, valued at $21,122,509.56. This trade represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,287,171 shares of company stock worth $438,237,134. Corporate insiders own 12.92% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on RBLX shares. Wedbush increased their price objective on shares of Roblox from $91.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. BMO Capital Markets reiterated an "outperform" rating and issued a $95.00 price objective (up previously from $82.00) on shares of Roblox in a research note on Friday, May 30th. Oppenheimer increased their price objective on shares of Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, Roth Mkm increased their price objective on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Roblox has an average rating of "Moderate Buy" and an average target price of $76.09.

Roblox Price Performance

NYSE RBLX traded up $2.23 during mid-day trading on Friday, hitting $97.34. The stock had a trading volume of 9,208,006 shares, compared to its average volume of 7,922,067. The firm's 50 day moving average is $74.96 and its 200 day moving average is $65.81. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a market capitalization of $66.02 billion, a price-to-earnings ratio of -67.13 and a beta of 1.56. Roblox Co. has a twelve month low of $34.41 and a twelve month high of $98.15.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.43) EPS. Equities research 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.