Blue Whale Capital LLP Buys 211,534 Shares of Roblox Co. (NYSE:RBLX)

Blue Whale Capital LLP raised its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 38.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 768,814 shares of the company's stock after buying an additional 211,534 shares during the quarter. Roblox comprises 3.3% of Blue Whale Capital LLP's investment portfolio, making the stock its 13th largest holding. Blue Whale Capital LLP owned approximately 0.13% of Roblox worth $44,484,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RBLX. Versant Capital Management Inc lifted its position in shares of Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after acquiring an additional 239 shares during the period. Parkside Financial Bank & Trust boosted its stake 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. increased its holdings in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after buying an additional 195 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 lifted its holdings in shares of Roblox by 29.2% during 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 period. 94.46% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were 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 owns 75,528 shares of the company's stock, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The transaction 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 the firm's stock in a transaction dated Thursday, January 16th. The shares were 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 in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,232,833 shares of company stock valued at $76,827,466. Company insiders own 22.15% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Citigroup upped their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Barclays cut their price target on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of Roblox from $76.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Wedbush reiterated an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $64.22.

Roblox Stock Up 2.1 %

NYSE:RBLX traded up $1.16 during trading hours on Friday, reaching $57.28. 5,987,783 shares of the stock were exchanged, compared to its average volume of 7,867,395. The stock has a market cap of $36.00 billion, a PE ratio of -39.50 and a beta of 1.49. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The firm has a 50 day moving average of $60.20 and a 200 day moving average of $56.26. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, equities analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Roblox 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.