Roblox Co. (NYSE:RBLX) Holdings Raised by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its stake in Roblox Co. (NYSE:RBLX) by 35.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,870 shares of the company’s stock after buying an additional 1,792 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Roblox were worth $317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Roblox in the 4th quarter worth approximately $25,000. Resurgent Financial Advisors LLC bought a new stake in Roblox in the fourth quarter worth $25,000. 1832 Asset Management L.P. bought a new stake in Roblox in the first quarter worth $32,000. Penserra Capital Management LLC bought a new stake in Roblox in the fourth quarter worth $43,000. Finally, High Net Worth Advisory Group LLC boosted its holdings in Roblox by 900.0% in the first quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company’s stock worth $46,000 after purchasing an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Roth Mkm upped their price objective on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Needham & Company LLC upped their price objective on shares of Roblox from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. The Goldman Sachs Group upgraded shares of Roblox from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Finally, Wedbush upped their price objective on shares of Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.25.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 4,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total value of $146,760.00. Following the sale, the insider now owns 359,453 shares of the company’s stock, valued at $13,188,330.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Roblox news, Director Gregory Baszucki sold 8,333 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $41.17, for a total value of $343,069.61. Following the transaction, the director now directly owns 9,786,603 shares in the company, valued at $402,914,445.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark Reinstra sold 4,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total transaction of $146,760.00. Following the completion of the transaction, the insider now owns 359,453 shares in the company, valued at $13,188,330.57. The disclosure for this sale can be found here. Insiders have sold a total of 707,707 shares of company stock valued at $29,526,367 over the last quarter. 27.67% of the stock is owned by company insiders.

Roblox Stock Performance

NYSE:RBLX opened at $35.55 on Friday. The firm’s 50-day moving average is $39.51 and its 200-day moving average is $38.75. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20. 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 cap of $21.01 billion, a price-to-earnings ratio of -19.01 and a beta of 1.63.

Roblox (NYSE:RBLX) last posted its earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 41.15% and a negative return on equity of 770.71%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. Equities research analysts anticipate that Roblox Co. will post -2.1 earnings per share for the current year.

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.