Focus Partners Wealth Has $1.11 Million Stock Position in Roblox Co. (NYSE:RBLX)

Focus Partners Wealth grew its position in Roblox Co. (NYSE:RBLX - Free Report) by 90.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,822 shares of the company's stock after purchasing an additional 8,953 shares during the period. Focus Partners Wealth's holdings in Roblox were worth $1,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its holdings in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after buying an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of 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 purchasing an additional 17,312,325 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after purchasing an additional 4,406,885 shares in the last quarter. Durable Capital Partners LP acquired a new stake in shares of Roblox in the 4th quarter valued at $246,560,000. Finally, Ieq Capital LLC boosted its holdings in Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after purchasing an additional 3,507,901 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Performance

RBLX opened at $81.21 on Friday. The stock's 50 day simple moving average is $62.73 and its 200-day simple moving average is $60.80. 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 has a market cap of $51.16 billion, a PE ratio of -56.00 and a beta of 1.46. Roblox Co. has a 1 year low of $31.59 and a 1 year high of $82.02.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business's revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) EPS. Sell-side analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on RBLX shares. Citigroup raised their target price on Roblox from $78.00 to $85.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a report on Friday, February 7th. The Goldman Sachs Group upped their target price on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday. Canaccord Genuity Group lifted their price target on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Wedbush reaffirmed an "outperform" rating and set a $83.00 price objective on shares of Roblox in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.68.

Insider Activity at Roblox

In other Roblox news, Director Anthony P. Lee sold 13,600 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $79.45, for a total transaction of $1,080,520.00. Following the completion of the transaction, the director now directly owns 294,708 shares in the company, valued at $23,414,550.60. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 16,432 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the sale, the insider now owns 322,774 shares of the company's stock, valued at $19,815,095.86. This trade represents a 4.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,358,232 shares of company stock valued at $161,232,273 over the last quarter. 22.15% of the stock is owned by company 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.

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