Freedom Investment Management Inc. Makes New $307,000 Investment in Roblox Co. (NYSE:RBLX)

Freedom Investment Management Inc. bought a new position in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,311 shares of the company's stock, valued at approximately $307,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after buying an additional 462,450 shares during the last quarter. FMR LLC lifted its position in Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after buying an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC lifted its position in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after buying an additional 17,312,325 shares during the last quarter. Ieq Capital LLC lifted its position in Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after buying an additional 3,507,901 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Roblox by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after buying an additional 246,610 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.96 during trading on Friday, hitting $66.65. The company had a trading volume of 4,438,329 shares, compared to its average volume of 7,872,915. The stock has a fifty day simple moving average of $59.06 and a two-hundred day simple moving average of $57.65. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm has a market capitalization of $41.89 billion, a price-to-earnings ratio of -45.97 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity

In related news, CAO Amy Marie Rawlings sold 4,468 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 transaction of $274,067.12. Following the transaction, the chief accounting officer now directly owns 75,583 shares in the company, valued at approximately $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 138,555 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now owns 129,301 shares in the company, valued at $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 902,954 shares of company stock worth $55,354,971 over the last 90 days. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several research analyst reports. Oppenheimer upgraded Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 target price for the company in a research report on Thursday, April 10th. CICC Research initiated coverage on Roblox in a research report on Tuesday, January 14th. They set an "outperform" rating for the company. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a research report on Friday, February 7th. The Goldman Sachs Group lifted their target price on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Citigroup restated a "buy" rating on shares of Roblox in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.50.

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.