Thrivent Financial for Lutherans Buys New Shares in Roblox Co. (NYSE:RBLX)

Thrivent Financial for Lutherans purchased a new stake in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,953 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after purchasing an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the transaction, the insider now owns 281,161 shares of the company’s stock, valued at $18,269,841.78. The trade was a 15.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 947,666 shares of company stock worth $61,513,341. 22.15% of the stock is currently owned by company insiders.

Roblox Trading Down 9.2 %

NYSE RBLX opened at $52.84 on Friday. The firm has a market capitalization of $32.71 billion, a PE ratio of -36.44 and a beta of 1.49. The stock’s 50 day moving average is $62.42 and its 200 day moving average is $55.86. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

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

Analysts Set New Price Targets

RBLX has been the subject of several recent research reports. FBN Securities started coverage on shares of Roblox in a research note on Friday, March 28th. They issued a “sector perform” rating and a $65.00 price target for the company. CICC Research started coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating for the company. Roth Mkm lifted their price target on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. Finally, OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

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.