Roblox Co. (NYSE:RBLX) Position Boosted by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its position in Roblox Co. (NYSE:RBLX - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,329 shares of the company's stock after buying an additional 3,633 shares during the period. Mackenzie Financial Corp's holdings in Roblox were worth $1,639,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd lifted its stake in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the period. Colonial Trust Co SC purchased a new position in Roblox during the fourth quarter worth approximately $41,000. Parkside Financial Bank & Trust grew its stake in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares during the period. Rakuten Securities Inc. increased its position in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In other Roblox news, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total value 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 $23,783,265.10. The trade was a 11.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the sale, the insider now owns 364,244 shares in the company, valued at approximately $21,122,509.56. This 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 2,323,985 shares of company stock worth $164,299,582. 12.92% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on RBLX shares. FBN Securities initiated coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective for the company. Macquarie lifted their price target on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price target on Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $95.00 target price (up previously from $82.00) on shares of Roblox in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus target price of $70.86.

Roblox Stock Up 3.3%

Shares of NYSE:RBLX traded up $2.84 during midday trading on Monday, hitting $89.82. 10,054,135 shares of the company's stock traded hands, compared to its average volume of 7,773,341. The company has a market cap of $60.92 billion, a PE ratio of -61.95 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a twelve month low of $33.88 and a twelve month high of $89.99. The firm's fifty day moving average price is $67.73 and its two-hundred day moving average price is $63.00.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned ($0.43) earnings per share. The company's revenue was up 30.6% on a year-over-year basis. On average, equities research analysts anticipate 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.