Roblox Co. (NYSE:RBLX) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,853,348 shares of the company's stock after acquiring an additional 326,832 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.47% of Roblox worth $165,095,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Roblox by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock valued at $3,080,449,000 after purchasing an additional 462,450 shares during the period. FMR LLC increased its position 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 buying an additional 18,715,837 shares during the period. Wealthfront Advisers LLC lifted its stake in Roblox by 74,400.8% in the fourth 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 during the last quarter. Ieq Capital LLC boosted its holdings 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 acquiring an additional 3,507,901 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Roblox by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock valued at $495,564,000 after acquiring an additional 246,610 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RBLX shares. Barclays increased 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. Roth Mkm boosted their price target on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Oppenheimer increased their price objective on Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. CICC Research assumed coverage on Roblox in a report on Tuesday, January 14th. They issued an "outperform" rating on the stock. Finally, Morgan Stanley decreased their price target on Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.91.

Roblox Stock Up 2.6 %

Roblox stock opened at $71.89 on Friday. Roblox Co. has a fifty-two week low of $30.83 and a fifty-two week high of $75.74. The firm has a market capitalization of $45.29 billion, a price-to-earnings ratio of -49.58 and a beta of 1.46. The stock's fifty day moving average is $60.65 and its two-hundred day moving average is $59.55. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts' consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned ($0.43) EPS. Analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the sale, the chief accounting officer now directly owns 75,583 shares of the company's stock, valued at $4,636,261.22. This trade represents a 5.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony P. Lee sold 21,200 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the completion of the transaction, the director now directly owns 6,589,757 shares of the company's stock, valued at approximately $404,413,387.09. This represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,164,386 shares of company stock worth $146,492,013 in the last ninety days. 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.

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