Roblox Co. (NYSE:RBLX) Stock Holdings Boosted by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its position in shares of Roblox Co. (NYSE:RBLX) by 161.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,555,844 shares of the company’s stock after purchasing an additional 1,579,625 shares during the quarter. Roblox comprises 0.5% of Voloridge Investment Management LLC’s portfolio, making the stock its 28th largest holding. Voloridge Investment Management LLC’s holdings in Roblox were worth $147,881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its stake in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock valued at $1,873,000 after purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after acquiring an additional 195 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after acquiring an additional 217 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after acquiring an additional 230 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after acquiring an additional 245 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction dated 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 directly owns 204,261 shares in the company, valued at $12,513,028.86. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 4,468 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at approximately $4,636,261.22. This trade represents a 5.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,432,954 shares of company stock worth $167,209,673. Corporate insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of NYSE:RBLX opened at $81.16 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 1 year low of $31.59 and a 1 year high of $82.02. The business has a fifty day simple moving average of $63.22 and a 200 day simple moving average of $61.07. The firm has a market cap of $51.13 billion, a price-to-earnings ratio of -55.97 and a beta of 1.46.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned ($0.43) earnings per share. Roblox’s quarterly revenue was up 30.6% compared to the same quarter last year. As a group, sell-side analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research note on Thursday, April 24th. Needham & Company LLC reissued a “buy” rating on shares of Roblox in a research note on Friday, May 2nd. BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a research note on Friday, May 2nd. Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Finally, Citigroup raised their price objective on Roblox from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.68.

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.