MIG Capital LLC Takes Position in Roblox Co. (NYSE:RBLX)

MIG Capital LLC bought a new position in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,714 shares of the company's stock, valued at approximately $331,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Roblox by 83.9% during the 4th 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 last quarter. Parkside Financial Bank & Trust lifted its position in Roblox by 44.5% during the fourth 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 last quarter. Rakuten Securities Inc. increased its holdings in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Roblox by 188.4% during 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% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after acquiring an additional 271 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

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Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent research reports. Needham & Company LLC upped their price objective on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a research report on Friday, February 7th. CICC Research started coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an "outperform" rating on the stock. Oppenheimer upgraded shares of Roblox from a "market perform" rating to an "outperform" rating and set a $70.00 target price for the company in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.22.

Roblox Stock Up 0.8 %

RBLX traded up $0.47 on Friday, hitting $56.59. The company had a trading volume of 2,187,909 shares, compared to its average volume of 7,842,233. The stock has a market capitalization of $35.57 billion, a price-to-earnings ratio of -39.07 and a beta of 1.49. The stock has a fifty day moving average price of $60.53 and a 200-day moving average price of $56.19. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. 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 (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Transactions at Roblox

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the transaction, the director now owns 6,254,137 shares of the company's stock, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Baszucki sold 229,167 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $11,649,667.84. The trade was a 50.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,232,833 shares of company stock valued at $76,827,466 in the last quarter. 22.15% of the stock is currently owned by corporate 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.