Empowered Funds LLC Raises Stock Holdings in Roblox Co. (NYSE:RBLX)

Empowered Funds LLC lifted its holdings in Roblox Co. (NYSE:RBLX) by 24.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,825 shares of the company’s stock after purchasing an additional 1,936 shares during the quarter. Empowered Funds LLC’s holdings in Roblox were worth $568,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after buying an additional 4,115,286 shares during the last quarter. State Street Corp increased its stake in Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after acquiring an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. raised its position in Roblox by 340.7% during 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. Geode Capital Management LLC lifted its stake in shares of Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after purchasing an additional 408,915 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Roblox by 32.9% in the 3rd quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock worth $259,576,000 after purchasing an additional 1,452,900 shares during the period. Institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 138,555 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares in the company, valued at $9,260,537.62. The trade was a 51.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amy Marie Rawlings sold 3,601 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the sale, the chief accounting officer now owns 81,407 shares of the company’s stock, valued at approximately $4,014,993.24. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,069,697 shares of company stock worth $65,912,475. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Performance

Shares of RBLX stock opened at $66.05 on Wednesday. The firm has a market cap of $40.13 billion, a price-to-earnings ratio of -45.55 and a beta of 1.46. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. 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’s 50 day moving average is $63.84 and its 200 day moving average is $52.01.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, sell-side analysts anticipate that Roblox Co. will post -1.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BTIG Research raised their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Roth Mkm raised their target price on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Canaccord Genuity Group lifted their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Macquarie increased their price objective on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Wedbush restated an “outperform” rating and set a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.