Gotham Asset Management LLC Boosts Stake in Roblox Co. (NYSE:RBLX)

Gotham Asset Management LLC grew its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,672 shares of the company's stock after purchasing an additional 20,253 shares during the quarter. Gotham Asset Management LLC's holdings in Roblox were worth $14,215,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after buying an additional 4,406,885 shares during the last quarter. Durable Capital Partners LP purchased a new stake in Roblox during the 4th quarter worth approximately $246,560,000. Finally, Ieq Capital LLC raised its holdings in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after acquiring an additional 3,507,901 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Roth Mkm lifted their price target on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Macquarie lifted their target price 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. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They set an "outperform" rating for the company. Barclays raised 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. Finally, Morgan Stanley dropped their price objective on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Roblox has an average rating of "Moderate Buy" and an average target price of $67.91.

Roblox Trading Up 4.9%

Roblox stock traded up $3.57 during midday trading on Tuesday, reaching $77.06. 12,368,628 shares of the stock traded hands, compared to its average volume of 7,712,066. 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 firm has a market cap of $48.55 billion, a PE ratio of -53.14 and a beta of 1.46. The company has a 50-day simple moving average of $61.23 and a two-hundred day simple moving average of $60.01. Roblox Co. has a 12-month low of $30.83 and a 12-month high of $77.24.

Roblox (NYSE:RBLX - Get Free Report) last issued its 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. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm's revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.43) earnings per share. Research analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the firm's 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 transaction, the insider now directly owns 204,261 shares of the company's stock, valued at approximately $12,513,028.86. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Baszucki sold 6,448 shares of Roblox stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.33, for a total value of $395,455.84. Following the completion of the transaction, the chief executive officer now owns 122,853 shares in the company, valued at $7,534,574.49. This trade represents a 4.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,131,507 shares of company stock valued at $144,420,228. Corporate insiders own 22.15% of the company's stock.

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.