North Dakota State Investment Board Buys New Shares in Roblox Corporation $RBLX

North Dakota State Investment Board bought a new stake in Roblox Corporation (NYSE:RBLX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 29,880 shares of the company’s stock, valued at approximately $2,421,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. Vanguard Group Inc. boosted its holdings in Roblox by 5.6% in the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares during the period. State Street Corp boosted its holdings in Roblox by 11.0% in the third quarter. State Street Corp now owns 13,369,844 shares of the company’s stock valued at $1,851,991,000 after purchasing an additional 1,326,575 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Roblox by 342.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,551,456 shares of the company’s stock valued at $125,714,000 after purchasing an additional 1,200,900 shares during the period. Durable Capital Partners LP boosted its holdings in Roblox by 32.4% in the second quarter. Durable Capital Partners LP now owns 4,588,728 shares of the company’s stock valued at $482,734,000 after purchasing an additional 1,122,153 shares during the period. Finally, Invesco Ltd. boosted its holdings in Roblox by 48.9% in the third quarter. Invesco Ltd. now owns 2,625,710 shares of the company’s stock valued at $363,713,000 after purchasing an additional 862,754 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on RBLX shares. UBS Group decreased their price target on Roblox from $74.00 to $49.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. The Goldman Sachs Group decreased their price target on Roblox from $125.00 to $65.00 and set a “buy” rating for the company in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price target on Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Finally, Wolfe Research started coverage on Roblox in a report on Friday, May 1st. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.17.

Roblox Stock Up 9.8%

Roblox stock opened at $47.05 on Tuesday. The stock has a 50-day simple moving average of $54.77 and a 200-day simple moving average of $73.27. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $31.60 billion, a P/E ratio of -29.78 and a beta of 1.50. Roblox Corporation has a fifty-two week low of $40.15 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm’s revenue was up 43.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) EPS. Equities research analysts expect that Roblox Corporation will post -1.4 earnings per share for the current year.

Insiders Place Their Bets

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $44.97, for a total transaction of $749,470.02. Following the transaction, the director owned 1,294,501 shares in the company, valued at approximately $58,213,709.97. The trade was a 1.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Matthew D. Kaufman sold 13,325 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $57.94, for a total value of $772,050.50. Following the completion of the sale, the insider owned 364,320 shares in the company, valued at approximately $21,108,700.80. This represents a 3.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 76,144 shares of company stock worth $4,235,769. Company insiders own 10.05% of the company’s stock.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.