Ballentine Partners LLC Has $4.47 Million Holdings in Roblox Co. (NYSE:RBLX)

Ballentine Partners LLC lifted its stake in Roblox Co. (NYSE:RBLX) by 172.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,315 shares of the company’s stock after acquiring an additional 48,919 shares during the period. Ballentine Partners LLC’s holdings in Roblox were worth $4,473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC raised its position in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the last quarter. Dragoneer Investment Group LLC increased its stake in Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares during the period. State Street Corp raised its holdings in Roblox by 2.3% in 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 in the last quarter. ValueAct Holdings L.P. lifted its position in shares of Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after acquiring an additional 7,835,921 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Roblox by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after purchasing an additional 408,915 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RBLX shares. Raymond James reiterated a “strong-buy” rating and set a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Needham & Company LLC upped their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup boosted their price target on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Macquarie boosted their target price on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Piper Sandler increased their target price on shares of Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.48.

Roblox Stock Performance

Shares of NYSE RBLX opened at $65.57 on Tuesday. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $66.51. The business’s 50 day moving average price is $57.12 and its two-hundred day moving average price is $47.70. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.45) earnings per share. Analysts predict that Roblox Co. will post -1.56 EPS for the current year.

Insider Activity

In related news, Director Anthony P. Lee sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the sale, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 166,668 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the transaction, the chief executive officer now owns 135,755 shares in the company, valued at approximately $5,722,073.25. This trade represents a 55.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,504,601 shares of company stock valued at $81,882,735. 22.15% of the stock is owned by insiders.

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.