EntryPoint Capital LLC Makes New $503,000 Investment in Roblox Co. (NYSE:RBLX)

EntryPoint Capital LLC bought a new stake in Roblox Co. (NYSE:RBLX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,700 shares of the company's stock, valued at approximately $503,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 462,450 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Roblox during the 4th quarter worth about $9,310,000. AXQ Capital LP bought a new stake in shares of Roblox in the 4th quarter valued at about $1,672,000. Intellus Advisors LLC acquired a new stake in shares of Roblox in the fourth quarter valued at about $367,000. Finally, Sei Investments Co. raised its position in shares of Roblox by 97.5% during the fourth quarter. Sei Investments Co. now owns 256,120 shares of the company's stock worth $14,819,000 after acquiring an additional 126,413 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 5,879 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares of the company's stock, valued at $4,909,320. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the sale, the director now owns 6,254,137 shares in the company, valued at $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 926,466 shares of company stock worth $60,212,297 over the last quarter. Insiders own 22.15% of the company's stock.

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Roblox Stock Down 0.9 %

NYSE RBLX traded down $0.51 during trading hours on Friday, hitting $58.99. The company's stock had a trading volume of 6,545,099 shares, compared to its average volume of 7,799,691. 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's 50-day simple moving average is $63.22 and its two-hundred day simple moving average is $55.56. The company has a market capitalization of $36.51 billion, a PE ratio of -40.68 and a beta of 1.49. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last announced 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 return on equity of 665.98% and a negative net margin of 25.97%. Research analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Needham & Company LLC upped their target price on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a report on Friday, February 7th. FBN Securities began coverage on shares of Roblox in a research report on Friday. They set a "sector perform" rating and a $65.00 price objective for the company. Wedbush reissued an "outperform" rating and set a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. Morgan Stanley upped their price target on shares of Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Finally, CICC Research initiated coverage on Roblox in a research report on Tuesday, January 14th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and a consensus target price of $64.23.

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.