Silicon Valley Capital Partners Boosts Stock Position in Roblox Co. (NYSE:RBLX)

Silicon Valley Capital Partners boosted its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 3,010.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,104 shares of the company's stock after purchasing an additional 66,882 shares during the quarter. Silicon Valley Capital Partners' holdings in Roblox were worth $3,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in shares of Roblox in the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC boosted its holdings in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after acquiring an additional 624 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% in 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. GAMMA Investing LLC boosted its holdings in shares of Roblox by 132.8% in the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $41,000 after acquiring an additional 530 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company's stock valued at $46,000 after acquiring an additional 770 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBLX has been the subject of several recent research reports. CICC Research initiated coverage on Roblox in a report on Tuesday, January 14th. They set an "outperform" rating for the company. Benchmark increased their price target on Roblox from $60.00 to $71.00 and gave the stock a "buy" rating in a report on Friday, February 7th. HSBC initiated coverage on Roblox in a report on Thursday, December 12th. They set a "buy" rating and a $63.00 price target for the company. BTIG Research increased their price target on Roblox from $51.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $64.19.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares of the company's stock, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Baszucki sold 333,334 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the sale, the chief executive officer now directly owns 129,295 shares in the company, valued at approximately $7,409,896.45. The trade was a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,352,014 shares of company stock worth $80,360,389. 22.15% of the stock is owned by corporate insiders.

Roblox Price Performance

Roblox stock traded up $1.36 during midday trading on Thursday, reaching $65.56. 7,816,457 shares of the company were exchanged, compared to its average volume of 9,516,449. The company has a market capitalization of $39.83 billion, a price-to-earnings ratio of -45.21 and a beta of 1.46. The firm's 50-day simple moving average is $63.30 and its 200-day simple moving average is $51.30. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. 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 (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 analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, analysts anticipate that Roblox Co. will post -1.4 EPS for the current year.

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.