Northern Trust Corp Raises Stock Holdings in Roblox Co. (NYSE:RBLX)

Northern Trust Corp boosted its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,104,224 shares of the company's stock after buying an additional 415,837 shares during the quarter. Northern Trust Corp owned 0.51% of Roblox worth $179,610,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RBLX. Vanguard Group Inc. boosted its position in shares of Roblox by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after purchasing an additional 462,450 shares during the period. FMR LLC lifted its stake in 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 boosted its position in shares of Roblox by 74,400.8% during 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 period. Ieq Capital LLC grew its stake in shares of Roblox by 26.8% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Roblox by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after acquiring an additional 246,610 shares in 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 issued reports on the stock. Oppenheimer upgraded shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 price target on the stock in a research note on Thursday, April 10th. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Wells Fargo & Company cut their price objective on Roblox from $76.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, FBN Securities assumed coverage on Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.50.

Roblox Stock Up 3.0 %

Shares of NYSE RBLX opened at $69.08 on Friday. The business has a 50-day moving average price of $59.43 and a 200 day moving average price of $58.14. The stock has a market cap of $43.41 billion, a PE ratio of -47.64 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 Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned ($0.43) EPS. Roblox's revenue for the quarter was up 30.6% on a year-over-year basis. Equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In other news, insider Arvind Chakravarthy sold 982 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 owns 204,261 shares in the company, valued at $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares of the company's stock, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 764,399 shares of company stock worth $45,431,661. Company insiders own 22.15% of the company's stock.

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.

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Co. (NYSE:RBLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.