Renaissance Technologies LLC Has $438.06 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Renaissance Technologies LLC boosted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,570,959 shares of the company's stock after acquiring an additional 1,478,421 shares during the quarter. Roblox comprises about 0.6% of Renaissance Technologies LLC's holdings, making the stock its 15th largest holding. Renaissance Technologies LLC owned approximately 1.25% of Roblox worth $438,056,000 at the end of the most recent reporting period.

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

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Analyst Ratings Changes

Several equities analysts recently issued reports on RBLX shares. Wedbush restated an "outperform" rating and set a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Roth Mkm lifted their price target on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Needham & Company LLC increased their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Citigroup lifted their target price on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, CICC Research initiated coverage on Roblox in a report on Tuesday, January 14th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $64.22.

Roblox Price Performance

RBLX stock traded up $1.16 during trading hours on Friday, hitting $57.28. 5,987,783 shares of the stock traded hands, compared to its average volume of 7,883,882. The stock has a 50-day simple moving average of $60.20 and a 200 day simple moving average of $56.34. The company has a market cap of $36.00 billion, a P/E ratio of -39.50 and a beta of 1.49. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating 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%. Equities analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 229,167 shares of Roblox stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at $11,649,667.84. The trade was a 50.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, the chief accounting officer now directly owns 75,528 shares of the company's stock, valued at approximately $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,232,833 shares of company stock worth $76,827,466. 22.15% of the stock is owned by insiders.

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.