Jacobs Levy Equity Management Inc. Has $25.54 Million Position in Roblox Co. (NYSE:RBLX)

Jacobs Levy Equity Management Inc. grew its holdings in shares of Roblox Co. (NYSE:RBLX) by 5,922.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 668,945 shares of the company’s stock after acquiring an additional 657,837 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Roblox were worth $25,540,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Franklin Resources Inc. grew its stake in shares of Roblox by 195.1% in the 4th quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock valued at $357,043,000 after buying an additional 5,162,833 shares during the period. Vanguard Group Inc. grew its stake in shares of Roblox by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after buying an additional 4,818,022 shares during the period. Norges Bank acquired a new stake in shares of Roblox in the 4th quarter valued at about $216,194,000. Ieq Capital LLC grew its stake in shares of Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after buying an additional 2,684,713 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Roblox by 836.1% in the 4th quarter. First Trust Advisors LP now owns 2,739,514 shares of the company’s stock valued at $125,251,000 after buying an additional 2,446,867 shares during the period. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RBLX shares. Needham & Company LLC reduced their target price on Roblox from $55.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Benchmark dropped their price target on shares of Roblox from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 price target on shares of Roblox in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Roth Capital cut shares of Roblox from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $42.91.

Roblox Stock Performance

Shares of NYSE:RBLX traded up $0.46 during mid-day trading on Tuesday, reaching $41.03. The company had a trading volume of 5,575,314 shares, compared to its average volume of 7,347,717. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 16.04. The firm has a market cap of $24.26 billion, a price-to-earnings ratio of -22.09 and a beta of 1.59. The company’s 50-day moving average price is $36.88 and its 200-day moving average price is $38.05. Roblox Co. has a one year low of $24.88 and a one year high of $47.20.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The company had revenue of $923.76 million for the quarter, compared to analysts’ expectations of $918.85 million. During the same quarter in the previous year, the firm posted ($0.44) EPS. Roblox’s revenue was up 19.4% on a year-over-year basis. As a group, equities research analysts anticipate that Roblox Co. will post -1.66 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, insider Arvind Chakravarthy sold 18,165 shares of Roblox stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total value of $591,452.40. Following the completion of the transaction, the insider now directly owns 322,966 shares in the company, valued at approximately $10,515,772.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Arvind Chakravarthy sold 18,165 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $32.56, for a total transaction of $591,452.40. Following the completion of the transaction, the insider now directly owns 322,966 shares in the company, valued at approximately $10,515,772.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea L. Wong sold 5,276 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $31.13, for a total transaction of $164,241.88. Following the transaction, the director now owns 26,319 shares of the company’s stock, valued at $819,310.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 476,889 shares of company stock worth $17,575,955. Corporate insiders own 22.15% of the company’s stock.

Roblox Company 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.