Handelsbanken Fonder AB Has $7.58 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Handelsbanken Fonder AB increased its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,081 shares of the company's stock after purchasing an additional 6,225 shares during the period. Handelsbanken Fonder AB's holdings in Roblox were worth $7,582,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RBLX. Gordian Capital Singapore Pte Ltd grew its stake in shares of Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox in the first quarter valued at about $39,000. Colonial Trust Co SC acquired a new position in Roblox in the fourth quarter valued at about $41,000. Parkside Financial Bank & Trust grew its stake 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 during the period. Finally, Rakuten Securities Inc. grew its stake 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 during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup reissued a "buy" rating and issued a $100.00 target price (up from $85.00) on shares of Roblox in a research note on Thursday, May 29th. Wells Fargo & Company boosted their target price on Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Oppenheimer boosted their target price on Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wedbush boosted their target price on Roblox from $91.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, FBN Securities initiated coverage on Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $76.09.

Insider Activity

In related news, Director Anthony P. Lee sold 21,200 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the sale, the director now owns 6,589,757 shares of the company's stock, valued at $404,413,387.09. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 627,453 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.04, for a total value of $60,260,586.12. Following the sale, the chief executive officer now directly owns 211,559 shares in the company, valued at $20,318,126.36. This represents a 74.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,287,171 shares of company stock valued at $438,237,134. 12.92% of the stock is owned by insiders.

Roblox Stock Performance

NYSE:RBLX traded up $2.23 on Friday, hitting $97.34. The company's stock had a trading volume of 9,208,006 shares, compared to its average volume of 7,930,940. 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 fifty day moving average of $74.96 and a two-hundred day moving average of $65.93. The firm has a market capitalization of $66.02 billion, a P/E ratio of -67.13 and a beta of 1.56. Roblox Co. has a one year low of $34.41 and a one year high of $98.15.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data 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. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm 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 company earned ($0.43) earnings per share. The business's revenue for the quarter was up 30.6% compared to the same quarter last year. Research analysts predict that Roblox Co. will post -1.49 earnings per share for the current 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.