Arrowstreet Capital Limited Partnership Grows Position in Roblox Co. (NYSE:RBLX)

Arrowstreet Capital Limited Partnership lifted its holdings in Roblox Co. (NYSE:RBLX) by 1,084.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,813,347 shares of the company’s stock after purchasing an additional 4,406,885 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Roblox were worth $278,500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% during 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 last quarter. Parkside Financial Bank & Trust lifted its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after buying an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after acquiring an additional 271 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on RBLX. Benchmark reissued a “buy” rating and issued a $71.00 price objective on shares of Roblox in a report on Tuesday, March 18th. Barclays dropped their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. CICC Research started coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. Needham & Company LLC increased their price objective on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, HSBC assumed coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $64.23.

Insider Buying and Selling

In other news, Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the transaction, the director now directly owns 6,254,137 shares of the company’s stock, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 34,099 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at $12,664,130.15. This trade represents a 13.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 926,466 shares of company stock worth $60,212,297. Company insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Shares of RBLX stock opened at $58.99 on Friday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The firm has a 50 day moving average of $63.22 and a two-hundred day moving average of $55.48. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $36.51 billion, a PE ratio of -40.68 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, research analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

About Roblox

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.