State of New Jersey Common Pension Fund D Grows Position in Roblox Co. (NYSE:RBLX)

State of New Jersey Common Pension Fund D lifted its holdings in shares of Roblox Co. (NYSE:RBLX) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,103 shares of the company’s stock after buying an additional 4,438 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Roblox were worth $11,252,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Global Retirement Partners LLC boosted its position in shares of Roblox by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after buying an additional 320 shares during the last quarter. Independent Advisor Alliance boosted its position in Roblox by 3.1% in the third quarter. Independent Advisor Alliance now owns 11,851 shares of the company’s stock worth $343,000 after purchasing an additional 352 shares during the last quarter. Signaturefd LLC boosted its position in Roblox by 9.3% in the third quarter. Signaturefd LLC now owns 4,119 shares of the company’s stock worth $119,000 after purchasing an additional 352 shares during the last quarter. Sepio Capital LP boosted its position in Roblox by 3.0% in the third quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock worth $374,000 after purchasing an additional 382 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its position in Roblox by 23.4% in the third quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company’s stock worth $62,000 after purchasing an additional 403 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 3,777 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the sale, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Amy Marie Rawlings sold 3,777 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the transaction, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Daniel Sturman sold 7,762 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $40.64, for a total value of $315,447.68. Following the transaction, the chief technology officer now directly owns 492,026 shares in the company, valued at approximately $19,995,936.64. The disclosure for this sale can be found here. Insiders have sold 699,374 shares of company stock valued at $29,183,298 in the last ninety days. Corporate insiders own 22.15% of the company’s stock.

Roblox Price Performance

NYSE RBLX traded up $0.55 during trading hours on Thursday, reaching $35.52. The company’s stock had a trading volume of 7,266,181 shares, compared to its average volume of 7,563,953. The firm’s 50-day moving average price is $38.84 and its 200-day moving average price is $38.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of -19.00 and a beta of 1.63.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.05. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.48) EPS. On average, equities research analysts predict that Roblox Co. will post -2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RBLX shares. Wedbush raised their target price on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and raised their target price for the stock from $35.00 to $48.00 in a research report on Thursday, February 8th. Roth Mkm raised their target price on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $26.00 to $46.00 in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised Roblox from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $48.00 in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average target price of $47.60.

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.