Ensign Peak Advisors Inc Has $23.12 Million Holdings in Roblox Co. (NYSE:RBLX)

Ensign Peak Advisors Inc trimmed its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 399,506 shares of the company's stock after selling 7,977 shares during the period. Ensign Peak Advisors Inc owned about 0.07% of Roblox worth $23,115,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Fred Alger Management LLC raised its stake in shares of Roblox by 37.8% during the 4th quarter. Fred Alger Management LLC now owns 348,966 shares of the company's stock worth $20,191,000 after buying an additional 95,710 shares in the last quarter. Durable Capital Partners LP acquired a new stake in Roblox during the 4th quarter valued at $246,560,000. Colonial Trust Co SC acquired a new stake in shares of Roblox during the fourth quarter worth $41,000. Concentric Capital Strategies LP acquired a new stake in shares of Roblox during the fourth quarter worth $3,055,000. Finally, Bridgefront Capital LLC acquired a new position in Roblox in the fourth quarter valued at $1,295,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Oppenheimer raised their price objective on Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Roth Mkm upped their target price on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Barclays upped their target price on Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their price objective on Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Canaccord Genuity Group upped their target price on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus target price of $67.91.

Roblox Trading Up 4.9%

RBLX stock traded up $3.57 during trading on Tuesday, hitting $77.06. The company had a trading volume of 12,368,628 shares, compared to its average volume of 7,712,066. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a 50-day moving average price of $61.23 and a 200-day moving average price of $60.01. Roblox Co. has a 12 month low of $30.83 and a 12 month high of $77.24. The stock has a market cap of $48.55 billion, a price-to-earnings ratio of -53.14 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last issued its 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 company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company posted ($0.43) EPS. The business's revenue for the quarter was up 30.6% compared to the same quarter last year. As a group, analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 12,800 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $73.46, for a total value of $940,288.00. Following the completion of the sale, the director now owns 296,584 shares in the company, valued at $21,787,060.64. This represents a 4.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 1,375,002 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at approximately $16,024,952.77. The trade was a 86.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,131,507 shares of company stock worth $144,420,228 in the last quarter. Corporate insiders own 22.15% of the company's stock.

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.