Xponance Inc. Grows Position in Roblox Co. (NYSE:RBLX)

Xponance Inc. lifted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,370 shares of the company's stock after purchasing an additional 9,734 shares during the period. Xponance Inc.'s holdings in Roblox were worth $5,634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans purchased a new stake in Roblox in the 4th quarter worth approximately $229,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Roblox in the fourth quarter worth $762,000. Parallel Advisors LLC raised its position in shares of Roblox by 39.6% during the 4th quarter. Parallel Advisors LLC now owns 37,285 shares of the company's stock valued at $2,157,000 after purchasing an additional 10,585 shares during the period. Ninepoint Partners LP purchased a new position in shares of Roblox during the 4th quarter valued at $541,000. Finally, Poinciana Advisors Group LLC bought a new position in Roblox in the 4th quarter worth $220,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other Roblox news, CEO David Baszucki sold 34,099 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $57.05, for a total value of $1,945,347.95. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $12,664,130.15. The trade was a 13.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Guthrie sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the transaction, the chief financial officer now directly owns 395,465 shares in the company, valued at approximately $23,783,265.10. This trade represents a 11.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 926,466 shares of company stock worth $60,212,297. Insiders own 22.15% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have commented on RBLX shares. Roth Mkm raised their price target on Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Morgan Stanley boosted their price target on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Benchmark reaffirmed a "buy" rating and set a $71.00 price objective on shares of Roblox in a report on Tuesday, March 18th. Needham & Company LLC boosted their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Moffett Nathanson cut shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.19.

Roblox Trading Up 0.1 %

Shares of NYSE:RBLX traded up $0.07 during trading hours on Monday, hitting $61.23. 7,899,676 shares of the company's stock traded hands, compared to its average volume of 7,628,128. The firm has a market capitalization of $37.90 billion, a P/E ratio of -42.22 and a beta of 1.49. The business has a fifty day moving average price of $63.54 and a 200-day moving average price of $54.98. 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 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

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.