Roblox Co. (NYSE:RBLX) Stake Boosted by Ieq Capital LLC

Ieq Capital LLC increased its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 26.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,592,623 shares of the company's stock after buying an additional 3,507,901 shares during the period. Roblox comprises approximately 9.3% of Ieq Capital LLC's holdings, making the stock its biggest holding. Ieq Capital LLC owned about 2.73% of Roblox worth $960,049,000 at the end of the most recent quarter.

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

Roblox Price Performance

RBLX stock traded down $0.95 during trading hours on Thursday, hitting $62.69. 13,012,347 shares of the stock traded hands, compared to its average volume of 9,338,180. The stock has a 50-day simple moving average of $63.92 and a 200 day simple moving average of $52.10. The company has a market cap of $38.09 billion, a P/E ratio of -43.24 and a beta of 1.46. 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 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

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%. Equities analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Manuel Bronstein sold 10,492 shares of Roblox stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $49.45, for a total value of $518,829.40. Following the transaction, the insider now directly owns 618,154 shares of the company's stock, valued at $30,567,715.30. This trade represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Arvind Chakravarthy sold 14,269 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total transaction of $705,316.67. Following the completion of the sale, the insider now owns 244,803 shares of the company's stock, valued at approximately $12,100,612.29. This trade represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,069,697 shares of company stock worth $65,912,475. Corporate insiders own 22.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on RBLX shares. Macquarie lifted their price target on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Raymond James reiterated a "strong-buy" rating and issued a $60.00 price target on shares of Roblox in a report on Friday, November 22nd. BTIG Research raised their price objective on Roblox from $51.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Roth Mkm boosted their target price on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

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.