Blueshift Asset Management LLC Has $1.70 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Blueshift Asset Management LLC lifted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 78.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,391 shares of the company's stock after acquiring an additional 16,902 shares during the period. Blueshift Asset Management LLC's holdings in Roblox were worth $1,699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale grew its stake in shares of Roblox by 2.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company's stock worth $2,318,000 after acquiring an additional 1,419 shares during the last quarter. Entropy Technologies LP boosted its stake in Roblox by 168.4% during the third quarter. Entropy Technologies LP now owns 99,649 shares of the company's stock worth $4,410,000 after buying an additional 62,521 shares in the last quarter. Dragoneer Investment Group LLC boosted its stake in Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock worth $437,039,000 after buying an additional 2,488,044 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in Roblox by 62.0% during the second quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company's stock worth $1,395,000 after buying an additional 14,348 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in Roblox by 23.2% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company's stock worth $19,783,000 after buying an additional 84,198 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company's stock.

Roblox Trading Up 0.6 %

NYSE:RBLX traded up $0.31 on Wednesday, hitting $49.37. 5,612,269 shares of the stock were exchanged, compared to its average volume of 7,624,560. The stock has a market capitalization of $29.99 billion, a price-to-earnings ratio of -29.91 and a beta of 1.56. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $55.10. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company's 50-day moving average price is $46.13 and its 200 day moving average price is $41.22.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to analysts' expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.45) EPS. On average, equities research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current year.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 2,186 shares of the company's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares of the company's stock, valued at $4,817,179.80. This represents a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Manuel Bronstein sold 10,492 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $49.45, for a total value of $518,829.40. Following the completion of the sale, the insider now directly owns 618,154 shares of the company's stock, valued at approximately $30,567,715.30. This trade represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,013,607 shares of company stock valued at $48,434,122 in the last ninety days. 22.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RBLX has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of Roblox from $54.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an "outperform" rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. Barclays boosted their target price on shares of Roblox from $40.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Roblox from $51.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, Citigroup boosted their target price on shares of Roblox from $53.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $55.30.

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.