Twinbeech Capital LP Sells 1,235,410 Shares of Roblox Co. (NYSE:RBLX)

Twinbeech Capital LP lowered its holdings in shares of Roblox Co. (NYSE:RBLX) by 92.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,811 shares of the company’s stock after selling 1,235,410 shares during the period. Twinbeech Capital LP’s holdings in Roblox were worth $5,775,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock worth $3,080,449,000 after acquiring an additional 462,450 shares in the last quarter. FMR LLC boosted its stake in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after acquiring an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after buying an additional 3,507,901 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Roblox by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company’s stock worth $495,564,000 after buying an additional 246,610 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Down 0.1%

Shares of RBLX stock opened at $81.16 on Tuesday. Roblox Co. has a 12 month low of $31.59 and a 12 month high of $82.02. The stock has a market cap of $51.13 billion, a P/E ratio of -55.97 and a beta of 1.46. 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 50 day simple moving average of $63.22 and a two-hundred day simple moving average of $61.07.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company earned ($0.43) earnings per share. The firm’s revenue was up 30.6% on a year-over-year basis. On average, research analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Transactions at Roblox

In related news, CFO Michael Guthrie sold 21,614 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $1,325,802.76. Following the completion of the transaction, the chief financial officer now owns 395,465 shares in the company, valued at approximately $24,257,823.10. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 982 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the transaction, the insider now owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,432,954 shares of company stock valued at $167,209,673 over the last three months. Corporate insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of several analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Roblox in a research note on Friday, May 2nd. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Macquarie upped their target price on shares of Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Barclays upped their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Finally, Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.68.

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.