Roblox Co. (NYSE:RBLX) Holdings Decreased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Posted by on Jun 4th, 2023

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in shares of Roblox Co. (NYSE:RBLX – Get Rating) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,461 shares of the company’s stock after selling 3,378 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Roblox were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Ontario Teachers Pension Plan Board purchased a new position in Roblox in the fourth quarter valued at about $683,000. AlpInvest Partners B.V. grew its stake in Roblox by 27.1% in the fourth quarter. AlpInvest Partners B.V. now owns 758,983 shares of the company’s stock valued at $21,601,000 after purchasing an additional 161,640 shares in the last quarter. Amalgamated Bank grew its stake in Roblox by 2.2% in the fourth quarter. Amalgamated Bank now owns 50,526 shares of the company’s stock valued at $1,438,000 after purchasing an additional 1,087 shares in the last quarter. Sei Investments Co. purchased a new position in Roblox in the fourth quarter valued at about $210,000. Finally, New York Life Investment Management LLC grew its stake in Roblox by 19.0% in the fourth quarter. New York Life Investment Management LLC now owns 8,476 shares of the company’s stock valued at $241,000 after purchasing an additional 1,352 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Roth Mkm upgraded Roblox from a “neutral” rating to a “buy” rating and upped their price target for the stock from $37.00 to $48.00 in a research note on Thursday, May 11th. Needham & Company LLC decreased their price target on Roblox from $53.00 to $48.00 in a research note on Thursday, May 11th. Barclays upped their price target on Roblox from $28.00 to $32.00 in a research note on Thursday, May 11th. The Goldman Sachs Group upped their price target on Roblox from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Thursday, February 16th. Finally, BTIG Research upped their price target on Roblox from $55.00 to $60.00 in a research note on Wednesday, May 10th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.22.

Insider Activity

In other news, CEO David Baszucki sold 375,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $39.87, for a total value of $14,951,250.00. Following the sale, the chief executive officer now directly owns 1 shares in the company, valued at approximately $39.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Craig Donato sold 2,000 shares of the stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $40.25, for a total transaction of $80,500.00. Following the sale, the insider now directly owns 1,248,097 shares in the company, valued at approximately $50,235,904.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 375,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $39.87, for a total value of $14,951,250.00. Following the sale, the chief executive officer now owns 1 shares in the company, valued at $39.87. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 842,808 shares of company stock worth $33,605,198. Company insiders own 27.67% of the company’s stock.

Roblox Stock Down 4.2 %

RBLX stock opened at $40.34 on Friday. Roblox Co. has a 1-year low of $23.88 and a 1-year high of $53.88. The business’s 50 day moving average is $40.65 and its 200-day moving average is $36.97. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.03.

Roblox Profile

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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