Elo Mutual Pension Insurance Co Sells 3,731 Shares of Roblox Co. (NYSE:RBLX)

Elo Mutual Pension Insurance Co cut its holdings in Roblox Co. (NYSE:RBLX) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,287 shares of the company’s stock after selling 3,731 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Roblox were worth $2,215,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RBLX. Quest Partners LLC bought a new position in Roblox in the 3rd quarter worth approximately $103,000. Cerity Partners LLC increased its stake in shares of Roblox by 434.1% in the 3rd quarter. Cerity Partners LLC now owns 94,973 shares of the company’s stock valued at $4,204,000 after buying an additional 77,192 shares during the period. Algert Global LLC raised its position in shares of Roblox by 42.6% during the third quarter. Algert Global LLC now owns 18,906 shares of the company’s stock worth $837,000 after acquiring an additional 5,646 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Roblox by 21.3% during the third quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company’s stock valued at $1,533,000 after acquiring an additional 6,077 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in Roblox by 3.5% in the third quarter. D.A. Davidson & CO. now owns 23,711 shares of the company’s stock valued at $1,049,000 after acquiring an additional 808 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the transaction, the insider now owns 204,261 shares in the company, valued at approximately $12,513,028.86. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 926,466 shares of company stock worth $60,212,297 in the last quarter. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Down 0.9 %

NYSE RBLX opened at $58.99 on Friday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock’s 50 day moving average price is $63.22 and its two-hundred day moving average price is $55.48. The stock has a market capitalization of $36.51 billion, a price-to-earnings ratio of -40.68 and a beta of 1.49.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping 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 665.98%. As a group, analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RBLX. JPMorgan Chase & Co. upped their target price on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Needham & Company LLC boosted their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group raised their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley raised their price target on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.23.

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.