Janney Montgomery Scott LLC Boosts Stock Position in Roblox Co. (NYSE:RBLX)

Janney Montgomery Scott LLC grew its position in Roblox Co. (NYSE:RBLX) by 38.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,507 shares of the company’s stock after purchasing an additional 7,103 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Roblox were worth $1,476,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RBLX. FMR LLC raised its stake in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. State Street Corp grew its position in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after acquiring an additional 240,565 shares during the period. ValueAct Holdings L.P. increased its position in shares of 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 buying an additional 7,835,921 shares in the last quarter. Geode Capital Management LLC increased its holdings in Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after acquiring an additional 408,915 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Roblox by 32.9% during 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 last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Stock Down 0.6 %

RBLX stock opened at $70.65 on Tuesday. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $71.89. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $42.92 billion, a price-to-earnings ratio of -43.08 and a beta of 1.46. The company has a fifty day moving average price of $60.77 and a 200 day moving average price of $49.91.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 3,601 shares of Roblox stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $49.32, for a total transaction of $177,601.32. Following the completion of the transaction, the chief accounting officer now directly owns 81,407 shares of the company’s stock, valued at approximately $4,014,993.24. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anthony P. Lee sold 25,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $52.34, for a total transaction of $1,308,500.00. Following the completion of the sale, the director now owns 5,731,695 shares in the company, valued at $299,996,916.30. This represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,306,335 shares of company stock worth $77,348,316. Company insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RBLX shares. Morgan Stanley lifted their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Citigroup raised their price objective on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday. CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. Wells Fargo & Company raised their price objective on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Barclays upped their price target on Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.05.

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.