Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Roblox Co. (NYSE:RBLX)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Roblox Co. (NYSE:RBLX) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,665 shares of the company’s stock after purchasing an additional 2,178 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Roblox were worth $5,940,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Frazier Financial Advisors LLC boosted its stake in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after acquiring an additional 624 shares during the period. Versant Capital Management Inc boosted its stake in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the period. Parkside Financial Bank & Trust grew its holdings in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after buying an additional 230 shares in the last quarter. Huntington National Bank raised its position in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after buying an additional 770 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Roblox by 33,875.0% in the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock worth $60,000 after buying an additional 1,355 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Up 1.4 %

NYSE:RBLX opened at $56.51 on Friday. The stock has a fifty day simple moving average of $63.91 and a 200-day simple moving average of $54.33. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a market cap of $34.98 billion, a price-to-earnings ratio of -38.97 and a beta of 1.49. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on RBLX. Raymond James reiterated a “strong-buy” rating and issued a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. Barclays dropped their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Morgan Stanley increased their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.19.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the transaction, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 916,367 shares of company stock worth $59,700,949. Company insiders own 22.15% of the company’s stock.

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.