Roblox Co. (NYSE:RBLX) is HMI Capital Management L.P.'s 4th Largest Position

HMI Capital Management L.P. decreased its stake in Roblox Co. (NYSE:RBLX - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,327,596 shares of the company's stock after selling 705,100 shares during the quarter. Roblox makes up 12.6% of HMI Capital Management L.P.'s portfolio, making the stock its 4th biggest holding. HMI Capital Management L.P. owned 0.71% of Roblox worth $250,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RBLX. Versant Capital Management Inc raised its holdings in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after acquiring an additional 239 shares during the period. Parkside Financial Bank & Trust raised its stake in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the period. Rakuten Securities Inc. lifted its holdings in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after buying an additional 271 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO David Baszucki sold 138,555 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares of the company's stock, valued at approximately $9,260,537.62. This represents a 51.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the sale, the chief accounting officer now directly owns 75,583 shares of the company's stock, valued at $4,636,261.22. The trade was a 5.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 902,954 shares of company stock valued at $55,354,971 over the last 90 days. Corporate insiders own 22.15% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on RBLX shares. Needham & Company LLC boosted their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Citigroup reissued a "buy" rating on shares of Roblox in a report on Wednesday, April 23rd. Oppenheimer raised Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a report on Thursday, April 10th. FBN Securities assumed coverage on Roblox in a research note on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target for the company. Finally, OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, Roblox has a consensus rating of "Moderate Buy" and a consensus target price of $64.50.

Roblox Trading Down 0.0 %

RBLX stock traded down $0.03 during midday trading on Tuesday, reaching $66.40. The company's stock had a trading volume of 8,245,707 shares, compared to its average volume of 8,548,063. The firm has a market capitalization of $41.73 billion, a price-to-earnings ratio of -45.79 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The stock has a fifty day simple moving average of $59.11 and a two-hundred day simple moving average of $57.83.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping 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 research analysts predict that Roblox Co. will post -1.49 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.