Ensign Peak Advisors Inc Purchases 107,182 Shares of Roblox Co. (NYSE:RBLX)

Ensign Peak Advisors Inc grew its position in shares of Roblox Co. (NYSE:RBLX) by 31.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 443,126 shares of the company’s stock after acquiring an additional 107,182 shares during the quarter. Ensign Peak Advisors Inc owned 0.07% of Roblox worth $16,489,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. 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 valued at $2,318,000 after purchasing an additional 1,419 shares in the last quarter. Kodai Capital Management LP acquired a new stake in shares of Roblox in the fourth quarter valued at about $6,805,000. SteelPeak Wealth LLC increased its position in shares of Roblox by 41.4% in the first quarter. SteelPeak Wealth LLC now owns 11,091 shares of the company’s stock valued at $423,000 after acquiring an additional 3,247 shares during the last quarter. Sei Investments Co. raised its holdings in Roblox by 18.3% during the first quarter. Sei Investments Co. now owns 288,112 shares of the company’s stock worth $11,000,000 after acquiring an additional 44,557 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Roblox by 319.6% during the first quarter. Acadian Asset Management LLC now owns 28,271 shares of the company’s stock valued at $1,075,000 after purchasing an additional 21,533 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of Roblox stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the transaction, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Baszucki sold 166,666 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $45.56, for a total transaction of $7,593,302.96. Following the sale, the chief executive officer now directly owns 135,755 shares of the company’s stock, valued at approximately $6,184,997.80. The disclosure for this sale can be found here. Insiders have sold 775,341 shares of company stock valued at $33,004,226 over the last 90 days. 22.15% of the stock is owned by corporate insiders.

Roblox Trading Down 1.1 %

Shares of Roblox stock opened at $45.53 on Tuesday. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.49. The stock has a market cap of $26.92 billion, a PE ratio of -24.48 and a beta of 1.60. The firm has a 50-day moving average of $41.83 and a 200-day moving average of $38.35. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same quarter in the prior year, the business posted ($0.46) EPS. The business’s revenue was up 31.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Roblox Co. will post -1.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RBLX shares. Deutsche Bank Aktiengesellschaft upped their price objective on Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group started coverage on shares of Roblox in a research note on Thursday, July 11th. They issued a “hold” rating and a $42.00 price target for the company. Wolfe Research started coverage on shares of Roblox in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. Needham & Company LLC upped their target price on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, BTIG Research lifted their price target on Roblox from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

Roblox 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.