Schroder Investment Management Group Boosts Stock Position in Roblox Co. (NYSE:RBLX)

Schroder Investment Management Group raised its holdings in Roblox Co. (NYSE:RBLX) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,038 shares of the company’s stock after buying an additional 96,397 shares during the period. Schroder Investment Management Group owned about 0.10% of Roblox worth $34,856,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc raised 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 worth $30,000 after acquiring an additional 239 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in 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 purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. raised its holdings in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after buying an additional 271 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Stock Performance

NYSE:RBLX opened at $61.05 on Wednesday. The firm’s fifty day simple moving average is $62.97 and its 200-day simple moving average is $55.76. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock has a market cap of $37.79 billion, a PE ratio of -42.10 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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%. Analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 50,000 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following the sale, the insider now owns 281,161 shares of the company’s stock, valued at approximately $18,269,841.78. This represents a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. This represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 926,466 shares of company stock valued at $60,212,297 in the last ninety days. Corporate insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on RBLX shares. CICC Research began coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. FBN Securities began coverage on Roblox in a research report on Friday, March 28th. They set a “sector perform” rating and a $65.00 target price on the stock. Morgan Stanley upped their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, Wedbush reissued an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus 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.