Swiss National Bank Reduces Position in Roblox Co. (NYSE:RBLX)

Swiss National Bank lessened its stake in Roblox Co. (NYSE:RBLX - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,329,000 shares of the company's stock after selling 23,500 shares during the quarter. Swiss National Bank owned 0.23% of Roblox worth $60,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. First Trust Direct Indexing L.P. bought a new stake in shares of Roblox during the 4th quarter valued at about $209,000. Kestra Private Wealth Services LLC bought a new position in shares of Roblox during the 4th quarter valued at approximately $251,000. Once Capital Management LLC increased its position in shares of Roblox by 6.0% during the 4th quarter. Once Capital Management LLC now owns 100,000 shares of the company's stock valued at $4,572,000 after purchasing an additional 5,700 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in shares of Roblox during the 4th quarter worth $286,000. Finally, Russell Investments Group Ltd. grew its position in shares of Roblox by 16.7% during the 4th quarter. Russell Investments Group Ltd. now owns 33,302 shares of the company's stock worth $1,524,000 after buying an additional 4,764 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company's stock.

Roblox Stock Performance

Roblox stock traded up $0.87 during mid-day trading on Monday, reaching $40.11. 7,580,718 shares of the company were exchanged, compared to its average volume of 7,404,917. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The firm's 50-day simple moving average is $38.06 and its two-hundred day simple moving average is $39.33. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $25.34 billion, a PE ratio of -21.26 and a beta of 1.63.

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

Insiders Place Their Bets

In other news, Director Gregory Baszucki sold 13,000 shares of the company's stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total value of $456,040.00. Following the transaction, the director now directly owns 9,747,603 shares of the company's stock, valued at $341,945,913.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Roblox news, Director Gregory Baszucki sold 13,000 shares of the company's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total transaction of $456,040.00. Following the completion of the sale, the director now directly owns 9,747,603 shares in the company, valued at $341,945,913.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,777 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total transaction of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares of the company's stock, valued at $3,906,520. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 712,374 shares of company stock valued at $29,639,338. Corporate insiders own 22.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RBLX shares. The Goldman Sachs Group raised Roblox from a "sell" rating to a "neutral" rating and increased their price target for the stock from $35.00 to $48.00 in a research report on Thursday, February 8th. JPMorgan Chase & Co. upgraded Roblox from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $41.00 to $48.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus restated a "buy" rating and set a $53.00 price objective on shares of Roblox in a research note on Monday, April 22nd. Benchmark restated a "buy" rating and set a $50.00 price objective on shares of Roblox in a research note on Tuesday, April 23rd. Finally, Wedbush upped their price objective on Roblox from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus target price of $47.60.

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.