Roblox Corporation (NYSE:RBLX) Shares Bought by Xponance Inc.

Xponance Inc. increased its position in Roblox Corporation (NYSE:RBLX) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,895 shares of the company’s stock after acquiring an additional 3,525 shares during the period. Xponance Inc.’s holdings in Roblox were worth $5,881,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Roblox by 89.4% in the fourth quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock worth $278,500,000 after buying an additional 4,406,885 shares in the last quarter. Durable Capital Partners LP acquired a new stake in Roblox in the 4th quarter valued at approximately $246,560,000. Norges Bank acquired a new stake in Roblox in the 4th quarter valued at approximately $167,211,000. Finally, Ninety One UK Ltd bought a new stake in Roblox during the 1st quarter valued at $137,379,000. 94.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 1,375,002 shares of Roblox stock in a transaction on Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the completion of the sale, the chief executive officer owned 221,983 shares of the company’s stock, valued at $16,024,952.77. This trade represents a 86.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 6,645,690 shares of company stock valued at $592,729,502. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Up 0.6%

RBLX stock opened at $105.62 on Friday. The company’s 50 day simple moving average is $91.80 and its 200-day simple moving average is $72.36. Roblox Corporation has a 52-week low of $35.30 and a 52-week high of $108.10. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $71.64 billion, a P/E ratio of -78.82 and a beta of 1.60.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The business’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period last year, the company posted ($0.43) EPS. As a group, equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley decreased their price target on Roblox from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Wedbush upgraded shares of Roblox to a “strong-buy” rating in a research report on Tuesday, July 1st. Barclays boosted their price target on shares of Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. BTIG Research increased their price objective on shares of Roblox from $73.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, July 1st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Roblox in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.45.

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.