Vanguard Group Inc. Acquires 462,450 Shares of Roblox Co. (NYSE:RBLX)

Vanguard Group Inc. boosted its stake in shares of Roblox Co. (NYSE:RBLX) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,239,693 shares of the company’s stock after acquiring an additional 462,450 shares during the quarter. Vanguard Group Inc. owned about 8.76% of Roblox worth $3,080,449,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Versant Capital Management Inc increased its position in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 633 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total value of $3,007,000.00. Following the sale, the chief financial officer now owns 395,465 shares in the company, valued at approximately $23,783,265.10. This represents a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 34,099 shares of Roblox stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at approximately $12,664,130.15. This trade represents a 13.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 926,466 shares of company stock valued at $60,212,297. 22.15% of the stock is owned by insiders.

Roblox Trading Up 1.4 %

NYSE RBLX opened at $62.01 on Wednesday. The stock has a market cap of $38.38 billion, a P/E ratio of -42.77 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The company has a fifty day simple moving average of $63.53 and a two-hundred day simple moving average of $55.24.

Roblox (NYSE:RBLX) last posted 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%. On average, analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RBLX shares. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. The Goldman Sachs Group boosted their price objective on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Wells Fargo & Company lifted their target price on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley upped their price target on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus target price 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.