Nisa Investment Advisors LLC Has $503,000 Stock Position in Roblox Co. (NYSE:RBLX)

Nisa Investment Advisors LLC reduced its holdings in Roblox Co. (NYSE:RBLX) by 16.7% in the fourth quarter, HoldingsChannel reports. The firm owned 10,995 shares of the company’s stock after selling 2,205 shares during the period. Nisa Investment Advisors LLC’s holdings in Roblox were worth $503,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Roblox by 29.0% in the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after purchasing an additional 10,025,779 shares in the last quarter. Morgan Stanley increased its holdings in Roblox by 13.7% in the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after purchasing an additional 4,927,848 shares in the last quarter. BlackRock Inc. increased its holdings in Roblox by 11.0% in the first quarter. BlackRock Inc. now owns 22,418,113 shares of the company’s stock worth $1,008,367,000 after purchasing an additional 2,219,142 shares in the last quarter. ARK Investment Management LLC increased its holdings in Roblox by 28.5% in the third quarter. ARK Investment Management LLC now owns 11,973,881 shares of the company’s stock worth $346,764,000 after purchasing an additional 2,655,333 shares in the last quarter. Finally, Ieq Capital LLC increased its holdings in Roblox by 158.0% in the third quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock worth $265,035,000 after purchasing an additional 5,604,995 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. Wedbush boosted their price objective on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $35.00 to $48.00 in a report on Thursday, February 8th. Needham & Company LLC boosted their price objective on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Benchmark restated a “buy” rating and set a $46.00 price objective on shares of Roblox in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.25.

Roblox Stock Down 0.7 %

RBLX stock opened at $36.37 on Thursday. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $21.50 billion, a price-to-earnings ratio of -19.45 and a beta of 1.63. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.20. The stock has a fifty day moving average of $39.69 and a 200-day moving average of $38.78.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping 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 firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.48) EPS. As a group, equities research analysts predict that Roblox Co. will post -2.1 earnings per share for the current year.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 100,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $38.31, for a total transaction of $3,831,000.00. Following the completion of the transaction, the chief executive officer now owns 148,845 shares in the company, valued at approximately $5,702,251.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David Baszucki sold 100,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $38.31, for a total transaction of $3,831,000.00. Following the completion of the transaction, the chief executive officer now owns 148,845 shares in the company, valued at approximately $5,702,251.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 3,777 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the sale, the chief accounting officer now directly owns 96,125 shares in the company, valued at approximately $3,906,520. The disclosure for this sale can be found here. In the last 90 days, insiders sold 703,707 shares of company stock worth $29,379,607. 27.67% of the stock is owned by company insiders.

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.