97,313 Shares in Roblox Co. (NYSE:RBLX) Bought by Avanza Fonder AB

Avanza Fonder AB bought a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 97,313 shares of the company’s stock, valued at approximately $5,631,000.

A number of other hedge funds have also recently made changes to their positions in RBLX. FMR LLC raised its holdings in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings in shares of Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the period. State Street Corp grew its stake in shares of Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. increased its holdings in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Roblox by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after buying an additional 408,915 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RBLX shares. Canaccord Genuity Group increased their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup lifted their target price on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Morgan Stanley upped their price target on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of Roblox in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.48.

Roblox Price Performance

Shares of NYSE RBLX opened at $65.82 on Friday. 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 company has a market capitalization of $39.99 billion, a PE ratio of -40.14 and a beta of 1.43. The stock’s 50 day moving average price is $56.85 and its 200-day moving average price is $47.36. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $66.51.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $919.00 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. On average, equities analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 166,668 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the sale, the chief executive officer now owns 135,755 shares of the company’s stock, valued at $5,722,073.25. The trade was a 55.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the sale, the chief accounting officer now owns 91,062 shares in the company, valued at approximately $4,817,179.80. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,254,601 shares of company stock valued at $65,622,735. Company insiders own 22.15% of the company’s stock.

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.