Everence Capital Management Inc. Acquires New Shares in Roblox Co. (NYSE:RBLX)

Everence Capital Management Inc. purchased a new position in Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,030 shares of the company's stock, valued at approximately $927,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Roblox during the third quarter valued at about $27,000. Frazier Financial Advisors LLC grew its holdings in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after buying an additional 624 shares in the last quarter. Versant Capital Management Inc increased its stake in 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 last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Roblox during the 2nd quarter worth approximately $33,000. Finally, GAMMA Investing LLC boosted its position in shares of Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $41,000 after acquiring an additional 530 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the sale, the chief accounting officer now directly owns 91,062 shares of the company's stock, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 166,668 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the sale, the chief executive officer now directly owns 135,755 shares in the company, valued at $5,722,073.25. The trade was a 55.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,284,601 shares of company stock valued at $66,867,735. 22.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RBLX shares. HSBC began coverage on shares of Roblox in a research note on Thursday, December 12th. They set a "buy" rating and a $63.00 price target on the stock. Citigroup upped their target price on shares of Roblox from $53.00 to $63.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on Roblox from $51.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, Barclays lifted their target price on Roblox from $40.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $55.67.

Roblox Trading Up 2.8 %

NYSE:RBLX traded up $1.63 during midday trading on Friday, hitting $60.47. The stock had a trading volume of 4,654,714 shares, compared to its average volume of 4,786,757. The stock has a 50-day moving average of $54.39 and a 200 day moving average of $45.86. The company has a market capitalization of $36.74 billion, a price-to-earnings ratio of -36.87 and a beta of 1.50. Roblox Co. has a one year low of $29.55 and a one year high of $61.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

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

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.