Roblox Co. (NYSE:RBLX) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its stake in shares of Roblox Co. (NYSE:RBLX) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,915 shares of the company’s stock after acquiring an additional 217 shares during the quarter. Simon Quick Advisors LLC’s holdings in Roblox were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Roblox during the third quarter worth $27,000. Frazier Financial Advisors LLC raised its position in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after buying an additional 624 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of 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 acquiring an additional 239 shares during the period. GAMMA Investing LLC increased its stake in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares during the period. Finally, Huntington National Bank raised its holdings in Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Trading Up 1.7 %

Shares of Roblox stock opened at $67.12 on Friday. The firm has a market cap of $40.78 billion, a PE ratio of -40.93 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $67.32. The business’s fifty day moving average is $58.12 and its two-hundred day moving average is $48.35.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned ($0.45) EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 50,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the completion of the sale, the insider now owns 281,161 shares of the company’s stock, valued at approximately $18,269,841.78. The trade was a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the transaction, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,393,812 shares of company stock worth $78,488,813. 22.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on RBLX. HSBC initiated coverage on Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. Wells Fargo & Company upped their price objective on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Barclays raised their target price on Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Benchmark raised their price objective on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Raymond James restated a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.48.

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.