State of New Jersey Common Pension Fund D Acquires 298 Shares of Roblox Co. (NYSE:RBLX)

State of New Jersey Common Pension Fund D grew its position in shares of Roblox Co. (NYSE:RBLX) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,586 shares of the company’s stock after buying an additional 298 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Roblox were worth $10,217,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in Roblox in the third quarter worth approximately $27,000. Frazier Financial Advisors LLC boosted its holdings in Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc raised its position in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the period. Huntington National Bank raised its position in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after acquiring an additional 770 shares during the period. Finally, True Wealth Design LLC raised its position in Roblox by 33,875.0% in the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock worth $60,000 after acquiring an additional 1,355 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Activity

In related news, insider Arvind Chakravarthy sold 14,269 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total transaction of $705,316.67. Following the completion of the sale, the insider now owns 244,803 shares of the company’s stock, valued at $12,100,612.29. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Guthrie sold 100,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the sale, the chief financial officer now directly owns 331,187 shares of the company’s stock, valued at $18,519,977.04. The trade was a 23.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,069,697 shares of company stock worth $65,912,475. 22.15% of the stock is currently owned by corporate insiders.

Roblox Price Performance

RBLX stock opened at $66.05 on Wednesday. The stock has a market cap of $40.13 billion, a PE ratio of -45.55 and a beta of 1.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The company has a 50-day moving average price of $63.84 and a 200 day moving average price of $52.01.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. Equities research analysts anticipate that Roblox Co. will post -1.4 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on RBLX shares. Macquarie increased their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Roth Mkm raised their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a research report on Friday, February 7th. Needham & Company LLC lifted their price target on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Canaccord Genuity Group lifted their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

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.