New York State Common Retirement Fund Sells 32,329 Shares of Roblox Co. (NYSE:RBLX)

New York State Common Retirement Fund lessened its stake in Roblox Co. (NYSE:RBLX - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 354,667 shares of the company's stock after selling 32,329 shares during the period. New York State Common Retirement Fund owned about 0.06% of Roblox worth $16,215,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Roblox by 29.0% in the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company's stock valued at $1,291,414,000 after acquiring an additional 10,025,779 shares during the last quarter. Morgan Stanley grew its holdings in Roblox by 13.7% during the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company's stock worth $1,187,769,000 after acquiring an additional 4,927,848 shares during the period. Ieq Capital LLC grew its holdings in Roblox by 158.0% during the 3rd quarter. Ieq Capital LLC now owns 9,151,748 shares of the company's stock worth $265,035,000 after acquiring an additional 5,604,995 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Roblox by 20.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,145,602 shares of the company's stock worth $235,897,000 after acquiring an additional 1,368,347 shares during the period. Finally, Artisan Partners Limited Partnership grew its holdings in Roblox by 123.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,267,763 shares of the company's stock worth $94,634,000 after acquiring an additional 1,805,567 shares during the period. Institutional investors own 91.08% of the company's stock.

Roblox Stock Performance

Shares of Roblox stock traded up $0.55 during trading on Monday, hitting $36.56. 5,754,514 shares of the stock were exchanged, compared to its average volume of 7,495,468. The stock has a market capitalization of $23.09 billion, a price-to-earnings ratio of -19.26 and a beta of 1.64. The company has a fifty day moving average price of $38.53 and a 200-day moving average price of $39.11. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. Roblox's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.48) EPS. As a group, equities analysts predict that Roblox Co. will post -2.09 EPS for the current fiscal year.

Insider Transactions at Roblox

In related news, insider Mark Reinstra sold 12,531 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total value of $510,638.25. Following the transaction, the insider now owns 249,779 shares in the company, valued at approximately $10,178,494.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Amy Marie Rawlings sold 3,777 shares of Roblox stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the sale, the chief accounting officer now directly owns 96,125 shares in the company, valued at $3,906,520. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 12,531 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.75, for a total value of $510,638.25. Following the sale, the insider now directly owns 249,779 shares in the company, valued at approximately $10,178,494.25. The disclosure for this sale can be found here. Insiders have sold 712,374 shares of company stock worth $29,639,338 in the last ninety days. Insiders own 22.15% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of Roblox from $51.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, February 8th. BMO Capital Markets boosted their price target on shares of Roblox from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Benchmark reissued a "buy" rating and issued a $50.00 price target on shares of Roblox in a report on Tuesday, April 23rd. Wedbush boosted their price objective on shares of Roblox from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group raised shares of Roblox from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.60.

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.