Roblox Co. (NYSE:RBLX) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its stake in shares of Roblox Co. (NYSE:RBLX) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 246,103 shares of the company’s stock after buying an additional 4,438 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Roblox were worth $11,252,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. AE Wealth Management LLC lifted its stake in shares of Roblox by 33.3% during the 3rd quarter. AE Wealth Management LLC now owns 16,806 shares of the company’s stock worth $487,000 after purchasing an additional 4,196 shares during the period. SG Americas Securities LLC lifted its stake in shares of Roblox by 829.1% during the 3rd quarter. SG Americas Securities LLC now owns 99,572 shares of the company’s stock worth $2,884,000 after purchasing an additional 88,855 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of Roblox by 23.4% during the 3rd quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company’s stock worth $62,000 after purchasing an additional 403 shares during the period. SOL Capital Management CO lifted its stake in shares of Roblox by 42.9% during the 3rd quarter. SOL Capital Management CO now owns 86,398 shares of the company’s stock worth $2,502,000 after purchasing an additional 25,925 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Roblox by 117.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 63,801 shares of the company’s stock worth $1,848,000 after purchasing an additional 34,461 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RBLX shares. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Roth Mkm increased their target price on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets increased their target price on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $26.00 to $46.00 in a research report on Thursday, February 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 target price on shares of Roblox in a research report on Monday. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.60.

Roblox Stock Up 1.6 %

Shares of Roblox stock traded up $0.55 during trading hours on Thursday, hitting $35.52. 7,266,181 shares of the company’s stock traded hands, compared to its average volume of 7,563,953. The stock has a 50 day simple moving average of $38.84 and a 200-day simple moving average of $38.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64. The company has a market cap of $20.99 billion, a PE ratio of -19.00 and a beta of 1.63. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20.

Roblox (NYSE:RBLX) last announced its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company’s revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm earned ($0.48) earnings per share. Equities research analysts anticipate that Roblox Co. will post -2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the transaction, the insider now directly owns 359,453 shares in the company, valued at $13,188,330.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roblox news, CEO David Baszucki sold 200,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at $44.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total transaction of $146,760.00. Following the completion of the transaction, the insider now directly owns 359,453 shares in the company, valued at approximately $13,188,330.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 699,374 shares of company stock worth $29,183,298. 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.