Public Employees Retirement System of Ohio Trims Holdings in Roblox Co. (NYSE:RBLX)

Public Employees Retirement System of Ohio cut its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 180,442 shares of the company's stock after selling 5,152 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Roblox were worth $10,440,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Gordian Capital Singapore Pte Ltd boosted its holdings in Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Colonial Trust Co SC bought a new stake in Roblox in the fourth quarter valued at $41,000. Parkside Financial Bank & Trust boosted its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 50,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $84.64, for a total transaction of $4,232,000.00. Following the transaction, the insider now owns 389,489 shares of the company's stock, valued at approximately $32,966,348.96. This represents a 11.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the 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 transaction, the insider now directly owns 364,244 shares in the company, valued at $21,122,509.56. The trade was a 1.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,532,039 shares of company stock worth $177,792,818 over the last quarter. Company insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on RBLX shares. BMO Capital Markets reiterated an "outperform" rating on shares of Roblox in a report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research report on Thursday, April 24th. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. FBN Securities initiated coverage on shares of Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target for the company. Finally, Barclays increased their price target on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given 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, Roblox currently has an average rating of "Moderate Buy" and an average price target of $69.36.

Roblox Trading Down 0.3%

NYSE:RBLX traded down $0.27 during midday trading on Friday, hitting $84.52. 3,401,132 shares of the company traded hands, compared to its average volume of 7,715,956. The firm's fifty day moving average is $67.23 and its 200-day moving average is $62.64. Roblox Co. has a 12-month low of $32.70 and a 12-month high of $86.28. The firm has a market capitalization of $53.25 billion, a P/E ratio of -58.32 and a beta of 1.46. 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 (NYSE:RBLX - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted ($0.43) EPS. Roblox's quarterly revenue was up 30.6% compared to the same quarter last year. On average, sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Roblox Company 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.