Harvest Fund Management Co. Ltd Boosts Holdings in Roblox Co. (NYSE:RBLX)

Harvest Fund Management Co. Ltd increased its stake in shares of Roblox Co. (NYSE:RBLX) by 31,807.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,148 shares of the company’s stock after acquiring an additional 4,135 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Roblox were worth $190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RBLX. Global Retirement Partners LLC boosted its holdings in shares of Roblox by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 4,423 shares of the company’s stock valued at $202,000 after acquiring an additional 320 shares during the period. Independent Advisor Alliance boosted its stake in Roblox by 3.1% during the 3rd 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 period. Signaturefd LLC grew its position in Roblox by 9.3% during the 3rd 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 increased its stake in Roblox by 3.0% in the third quarter. Sepio Capital LP now owns 12,918 shares of the company’s stock valued at $374,000 after purchasing an additional 382 shares during the period. Finally, Impact Partnership Wealth LLC increased its stake in Roblox by 23.4% in the third quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company’s stock valued at $62,000 after purchasing an additional 403 shares during the period. 91.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Michael Guthrie sold 10,972 shares of the company’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 transaction of $445,902.08. Following the transaction, the chief financial officer now owns 233,629 shares of the company’s stock, valued at $9,494,682.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Michael Guthrie sold 10,972 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $445,902.08. Following the completion of the transaction, the chief financial officer now directly owns 233,629 shares in the company, valued at $9,494,682.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 3,777 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the transaction, the chief accounting officer now owns 96,125 shares in the company, valued at $3,906,520. 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. Insiders own 22.15% of the company’s stock.

Roblox Trading Down 2.7 %

Shares of Roblox stock opened at $34.03 on Thursday. The business has a 50 day moving average price of $38.84 and a 200 day moving average price of $38.99. The company has a market capitalization of $20.11 billion, a P/E ratio of -18.70 and a beta of 1.63. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a 1 year low of $24.88 and a 1 year high of $47.20.

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, beating the consensus estimate of ($0.57) by $0.05. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The business’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.48) earnings per share. Sell-side analysts anticipate that Roblox Co. will post -2.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RBLX shares. The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. JPMorgan Chase & Co. upgraded Roblox from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $41.00 to $48.00 in a research note on Tuesday. Needham & Company LLC boosted their target price on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Wedbush increased their price target on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Benchmark reiterated a “buy” rating and issued a $50.00 price objective on shares of Roblox in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

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.