OMERS ADMINISTRATION Corp Has $1.06 Million Stake in Roblox Co. (NYSE:RBLX)

OMERS ADMINISTRATION Corp grew its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,301 shares of the company's stock after purchasing an additional 3,345 shares during the period. OMERS ADMINISTRATION Corp's holdings in Roblox were worth $1,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of RBLX. Colonial Trust Co SC purchased a new stake in shares of Roblox in the 4th quarter valued at about $41,000. Parkside Financial Bank & Trust grew its position in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 633 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Roblox by 2,955.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company's stock valued at $71,000 after buying an additional 1,182 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on RBLX shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Roblox in a report on Friday, May 2nd. Wells Fargo & Company boosted their target price on Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. The Goldman Sachs Group raised their price objective on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $68.68.

Insider Buying and Selling at Roblox

In other Roblox news, insider Manuel Bronstein sold 14,721 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $61.10, for a total value of $899,453.10. Following the sale, the insider now owns 598,929 shares in the company, valued at approximately $36,594,561.90. This trade represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Reinstra sold 16,432 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the completion of the transaction, the insider now owns 322,774 shares of the company's stock, valued at $19,815,095.86. This trade represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,432,954 shares of company stock valued at $167,209,673 in the last ninety days. Insiders own 22.15% of the company's stock.

Roblox Stock Up 0.5%

NYSE:RBLX traded up $0.42 on Tuesday, reaching $81.63. The stock had a trading volume of 9,465,406 shares, compared to its average volume of 7,737,246. 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 company has a 50-day moving average of $63.22 and a 200 day moving average of $61.07. The stock has a market cap of $51.43 billion, a P/E ratio of -56.30 and a beta of 1.46. Roblox Co. has a 12-month low of $31.59 and a 12-month high of $82.02.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion during 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 for the quarter was up 30.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.43) EPS. On average, research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

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.