1,048,918 Shares in Roblox Co. (NYSE:RBLX) Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA acquired a new stake in shares of Roblox Co. (NYSE:RBLX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,048,918 shares of the company’s stock, valued at approximately $60,690,000.

A number of other hedge funds have also recently bought and sold shares of RBLX. Wealthfront Advisers LLC lifted its position in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. ValueAct Holdings L.P. lifted its position in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after buying an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after buying an additional 4,406,885 shares in the last quarter. Ieq Capital LLC grew 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 in the last quarter. Finally, Norges Bank bought a new position in shares of Roblox in the fourth quarter valued at approximately $167,211,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RBLX has been the topic of several research analyst reports. Barclays cut their price objective on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Macquarie increased their price target on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. FBN Securities assumed coverage on shares of Roblox in a research report on Friday, March 28th. They issued a “sector perform” rating and a $65.00 price objective on the stock. Needham & Company LLC increased their target price on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

Roblox Trading Down 9.2 %

Roblox stock opened at $52.84 on Friday. 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 Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The stock has a market cap of $32.71 billion, a P/E ratio of -36.44 and a beta of 1.49. The firm’s fifty day moving average price is $62.42 and its 200-day moving average price is $55.93.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 50,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the sale, the insider now owns 281,161 shares in the company, valued at $18,269,841.78. This trade represents a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the transaction, the director now owns 6,254,137 shares of the company’s stock, valued at $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 947,666 shares of company stock worth $61,513,341 over the last three months. 22.15% of the stock is owned by insiders.

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.