Roblox Co. (NYSE:RBLX) Stake Lifted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in Roblox Co. (NYSE:RBLX) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,472 shares of the company’s stock after acquiring an additional 2,334 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Roblox were worth $5,993,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its stake in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after purchasing an additional 195 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Roblox by 4.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after acquiring an additional 217 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares during the period. Versant Capital Management Inc raised its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the period. Finally, Yousif Capital Management LLC grew its position in Roblox by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after purchasing an additional 245 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of research analyst reports. HSBC initiated coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective on the stock. Roth Mkm boosted their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Citigroup boosted their price objective on shares of Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Macquarie lifted their target price on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, CICC Research initiated coverage on shares of Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Trading Up 1.4 %

Roblox stock opened at $56.51 on Friday. The business has a 50 day moving average price of $63.91 and a two-hundred day moving average price of $54.40. 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 $34.98 billion, a price-to-earnings ratio of -38.97 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity

In other news, insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the transaction, the insider now directly owns 204,261 shares of the company’s stock, valued at $12,513,028.86. The trade was a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the transaction, the director now directly owns 6,254,137 shares in the company, valued at $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 916,367 shares of company stock worth $59,700,949. Company 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.