a16z Perennial Management L.P. Decreases Position in Roblox Co. (NYSE:RBLX)

a16z Perennial Management L.P. lessened its position in Roblox Co. (NYSE:RBLX - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,453 shares of the company's stock after selling 7,665 shares during the quarter. Roblox makes up about 1.6% of a16z Perennial Management L.P.'s holdings, making the stock its 8th biggest holding. a16z Perennial Management L.P.'s holdings in Roblox were worth $13,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC increased its stake in Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after buying an additional 217 shares during the period. 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 period. Impact Partnership Wealth LLC grew its holdings in shares of Roblox by 3.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company's stock valued at $298,000 after acquiring an additional 245 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after acquiring an additional 245 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after acquiring an additional 271 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Performance

Shares of RBLX traded up $1.36 during mid-day trading on Thursday, hitting $65.56. The company's stock had a trading volume of 7,816,457 shares, compared to its average volume of 9,516,449. The stock's 50-day moving average is $63.30 and its two-hundred day moving average is $51.30. The firm has a market capitalization of $39.83 billion, a PE ratio of -45.21 and a beta of 1.46. 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 one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating 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 795.19%. As a group, sell-side analysts anticipate that Roblox Co. will post -1.4 EPS for the current year.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of recent research reports. Wedbush restated an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. Needham & Company LLC boosted their price target on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Benchmark raised their price objective on shares of Roblox from $60.00 to $71.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Piper Sandler reissued an "overweight" rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $64.19.

Insider Buying and Selling

In other news, insider Mark Reinstra sold 19,525 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the completion of the transaction, the insider now directly owns 339,206 shares of the company's stock, valued at approximately $22,367,243.64. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arvind Chakravarthy sold 14,269 shares of Roblox stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total transaction of $705,316.67. Following the sale, the insider now owns 244,803 shares in the company, valued at approximately $12,100,612.29. This trade represents a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,352,014 shares of company stock valued at $80,360,389 over the last three months. 22.15% of the stock is owned by corporate insiders.

Roblox 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.