Siemens Fonds Invest GmbH Has $573,000 Stock Holdings in Roblox Co. (NYSE:RBLX)

Siemens Fonds Invest GmbH raised its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 87.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,904 shares of the company's stock after buying an additional 4,629 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Roblox were worth $573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd grew 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 last quarter. Colonial Trust Co SC acquired a new stake in Roblox in the 4th quarter worth $41,000. Parkside Financial Bank & Trust grew its position in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. grew its position in Roblox by 25.6% in 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 grew its position in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In related news, Director Christopher Carvalho sold 12,986 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.57, for a total value of $825,520.02. Following the transaction, the director now directly owns 982,412 shares in the company, valued at $62,451,930.84. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 6,391 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total value of $515,498.06. Following the completion of the transaction, the chief accounting officer now directly owns 73,931 shares in the company, valued at approximately $5,963,274.46. This trade represents a 7.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,532,039 shares of company stock valued at $177,792,818 over the last 90 days. 12.92% of the stock is owned by company insiders.

Roblox Price Performance

Shares of RBLX stock traded up $2.21 during trading hours on Friday, reaching $87.00. 14,082,697 shares of the company were exchanged, compared to its average volume of 7,764,300. The stock's fifty day moving average is $67.73 and its two-hundred day moving average is $62.93. Roblox Co. has a fifty-two week low of $33.88 and a fifty-two week high of $87.16. 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 company has a market cap of $59.01 billion, a price-to-earnings ratio of -60.00 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned ($0.43) EPS. The business's revenue for the quarter was up 30.6% compared to the same quarter last year. Sell-side analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RBLX shares. Wells Fargo & Company lifted their target price on Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating on shares of Roblox in a report on Friday, May 2nd. BMO Capital Markets reissued an "outperform" rating and set a $95.00 price objective (up previously from $82.00) on shares of Roblox in a report on Friday. Citigroup reiterated a "buy" rating and set a $100.00 price target (up previously from $85.00) on shares of Roblox in a research note on Thursday. Finally, Macquarie lifted their price target on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.86.

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.