Siemens Fonds Invest GmbH Raises Stake in Roblox Co. (NYSE:RBLX)

Siemens Fonds Invest GmbH increased its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 87.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,904 shares of the company's stock after buying an additional 4,629 shares during the period. Siemens Fonds Invest GmbH's holdings in Roblox were worth $573,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RBLX. FMR LLC increased its stake in Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after acquiring an additional 18,715,837 shares during the period. Wealthfront Advisers LLC raised its stake in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after purchasing an additional 4,406,885 shares during the period. Durable Capital Partners LP acquired a new stake in Roblox during the fourth quarter worth about $246,560,000. Finally, Ieq Capital LLC increased its holdings in Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after buying an additional 3,507,901 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In other news, insider Arvind Chakravarthy sold 982 shares of Roblox stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the sale, the insider now directly owns 204,261 shares in the company, valued at approximately $12,513,028.86. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 21,614 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $1,325,802.76. Following the sale, the chief financial officer now owns 395,465 shares in the company, valued at approximately $24,257,823.10. The trade was a 5.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,432,954 shares of company stock valued at $167,209,673. Corporate insiders own 22.15% of the company's stock.

Roblox Price Performance

Shares of NYSE:RBLX traded down $0.48 on Wednesday, reaching $81.23. The company's stock had a trading volume of 6,533,463 shares, compared to its average volume of 7,731,752. The company has a 50-day simple moving average of $63.74 and a 200 day simple moving average of $61.21. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market cap of $51.18 billion, a P/E ratio of -56.02 and a beta of 1.46. Roblox Co. has a 52-week low of $31.59 and a 52-week high of $83.01.

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

Analyst Ratings Changes

RBLX has been the topic of several analyst reports. Canaccord Genuity Group increased their price target on shares of Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Macquarie lifted their price target on shares of Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Needham & Company LLC restated a "buy" rating on shares of Roblox in a research report on Friday, May 2nd. Roth Mkm upped their price target on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Oppenheimer increased their price target on Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $68.68.

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.