Roblox Co. (NYSE:RBLX) Stock Position Increased by Yiheng Capital Management L.P.

Yiheng Capital Management L.P. lifted its holdings in shares of Roblox Co. (NYSE:RBLX) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,265 shares of the company’s stock after purchasing an additional 72,882 shares during the period. Roblox comprises approximately 1.3% of Yiheng Capital Management L.P.’s holdings, making the stock its 6th biggest holding. Yiheng Capital Management L.P.’s holdings in Roblox were worth $33,169,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Wealthfront Advisers LLC increased its position in Roblox by 74,400.8% during 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. ValueAct Holdings L.P. increased its position in Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. FMR LLC raised its stake in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Ieq Capital LLC lifted its holdings in Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new stake in shares of Roblox during the 3rd quarter worth about $107,491,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Trading Down 0.2 %

RBLX opened at $57.96 on Friday. The firm’s 50 day moving average is $63.55 and its 200-day moving average is $54.70. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. 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 firm has a market capitalization of $35.87 billion, a P/E ratio of -39.97 and a beta of 1.49.

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

Insider Buying and Selling

In other news, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $59.75, for a total value of $1,434,000.00. Following the sale, the insider now owns 278,161 shares in the company, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 34,099 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $57.05, for a total transaction of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at $12,664,130.15. The trade was a 13.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 950,466 shares of company stock worth $61,646,297. 22.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RBLX shares. Needham & Company LLC boosted their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Morgan Stanley increased their price target on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Citigroup lifted their price objective on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.19.

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.