Roblox Co. (NYSE:RBLX) Shares Purchased by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC lifted its holdings in Roblox Co. (NYSE:RBLX) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,611,700 shares of the company’s stock after purchasing an additional 14,224 shares during the period. Roblox comprises about 1.0% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its 29th largest holding. Gilder Gagnon Howe & Co. LLC’s holdings in Roblox were worth $93,253,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Roblox by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock worth $3,080,449,000 after buying an additional 462,450 shares during the period. FMR LLC raised its position in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after acquiring an additional 18,715,837 shares during the period. Wealthfront Advisers LLC lifted its holdings in Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares in the last quarter. Ieq Capital LLC grew its position in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Roblox by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company’s stock worth $495,564,000 after purchasing an additional 246,610 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

NYSE:RBLX opened at $66.65 on Friday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company has a 50 day moving average price of $59.06 and a 200 day moving average price of $57.43. The stock has a market capitalization of $41.89 billion, a P/E ratio of -45.97 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the transaction, the chief executive officer now owns 129,301 shares in the company, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12. Following the sale, the chief accounting officer now directly owns 75,583 shares in the company, valued at approximately $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 902,954 shares of company stock valued at $55,354,971 in the last three months. 22.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RBLX shares. Macquarie lifted their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Oppenheimer raised Roblox from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Thursday, April 10th. Wells Fargo & Company reduced their price objective on Roblox from $76.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upped their target price on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Finally, Needham & Company LLC raised their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.50.

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.