Entropy Technologies LP Has $4.41 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Entropy Technologies LP grew its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 168.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,649 shares of the company's stock after purchasing an additional 62,521 shares during the quarter. Entropy Technologies LP's holdings in Roblox were worth $4,410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Roblox by 10.4% in the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company's stock valued at $1,950,322,000 after purchasing an additional 4,818,022 shares during the period. Ieq Capital LLC boosted its holdings in shares of Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company's stock valued at $473,811,000 after purchasing an additional 2,684,713 shares during the last quarter. Dragoneer Investment Group LLC raised its stake in shares of Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock valued at $437,039,000 after acquiring an additional 2,488,044 shares during the period. Greenvale Capital LLP purchased a new position in shares of Roblox in the 2nd quarter valued at $89,304,000. Finally, Marshall Wace LLP purchased a new stake in Roblox during the 2nd quarter worth $87,543,000. Institutional investors and hedge funds own 91.08% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Roth Mkm boosted their price target on shares of Roblox from $35.00 to $42.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Wolfe Research started coverage on shares of Roblox in a report on Tuesday, July 16th. They issued a "peer perform" rating on the stock. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 price target (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Needham & Company LLC lifted their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.30.

Roblox Stock Performance

Shares of RBLX stock traded down $0.18 during mid-day trading on Tuesday, hitting $54.38. 10,276,183 shares of the stock were exchanged, compared to its average volume of 7,523,171. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The stock's fifty day simple moving average is $44.68 and its two-hundred day simple moving average is $40.09. The stock has a market capitalization of $33.04 billion, a price-to-earnings ratio of -33.16 and a beta of 1.56.

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

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of Roblox stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the sale, the chief accounting officer now owns 99,617 shares of the company's stock, valued at $4,019,545.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Michael Guthrie sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the completion of the sale, the chief financial officer now directly owns 374,633 shares of the company's stock, valued at $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total transaction of $199,046.55. Following the completion of the sale, the chief accounting officer now directly owns 99,617 shares of the company's stock, valued at $4,019,545.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,029,373 shares of company stock worth $46,476,179. 22.15% of the stock is owned by company insiders.

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.