Roblox Co. (NYSE:RBLX) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its holdings in shares of Roblox Co. (NYSE:RBLX) by 15.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,526,516 shares of the company’s stock after purchasing an additional 336,491 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Roblox were worth $111,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBLX. Janus Henderson Group PLC raised its holdings in shares of Roblox by 22.7% in the 1st quarter. Janus Henderson Group PLC now owns 49,520 shares of the company’s stock worth $1,890,000 after buying an additional 9,159 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Roblox by 45.2% in the 1st quarter. Cetera Advisors LLC now owns 17,279 shares of the company’s stock worth $660,000 after purchasing an additional 5,377 shares during the period. DekaBank Deutsche Girozentrale grew its position in Roblox by 2.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock worth $2,318,000 after acquiring an additional 1,419 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Roblox by 16.2% during the second quarter. DNB Asset Management AS now owns 75,508 shares of the company’s stock valued at $2,810,000 after acquiring an additional 10,504 shares during the last quarter. Finally, Fulton Bank N.A. bought a new position in Roblox in the second quarter worth about $310,000. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insider Buying and Selling

In related news, insider Manuel Bronstein sold 40,739 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00. Following the completion of the sale, the insider now directly owns 727,485 shares in the company, valued at approximately $32,736,825. This trade represents a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony P. Lee sold 200,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the transaction, the director now owns 4,707,579 shares of the company’s stock, valued at approximately $236,932,451.07. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,013,607 shares of company stock worth $48,434,122. Insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RBLX. Barclays raised their target price on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Morgan Stanley upgraded shares of Roblox from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $38.00 to $65.00 in a research report on Monday, November 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company increased their price objective on shares of Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus price target of $55.30.

Roblox Price Performance

Shares of Roblox stock opened at $52.18 on Tuesday. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The business has a 50-day simple moving average of $46.35 and a 200 day simple moving average of $41.59.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted ($0.45) earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

About Roblox

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.