Roblox Co. (NYSE:RBLX) is Yiheng Capital Management L.P.'s 6th Largest Position

Yiheng Capital Management L.P. increased its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 14.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,265 shares of the company's stock after acquiring an additional 72,882 shares during the quarter. Roblox comprises approximately 1.3% of Yiheng Capital Management L.P.'s portfolio, making the stock its 6th largest holding. Yiheng Capital Management L.P. owned about 0.09% of Roblox worth $33,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in RBLX. Versant Capital Management Inc increased its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after buying an additional 239 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Rakuten Securities Inc. grew its holdings in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company's stock worth $60,000 after acquiring an additional 1,355 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

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Roblox Trading Up 1.4 %

Shares of Roblox stock traded up $0.83 on Tuesday, reaching $62.01. The company had a trading volume of 4,740,591 shares, compared to its average volume of 7,623,873. 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 Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The firm has a market cap of $38.38 billion, a price-to-earnings ratio of -42.77 and a beta of 1.49. The firm's 50-day moving average price is $63.54 and its two-hundred day moving average price is $55.11.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results 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 net margin of 25.97% and a negative return on equity of 665.98%. As a group, research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the sale, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Reinstra sold 50,000 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the sale, the insider now owns 281,161 shares in the company, valued at approximately $18,269,841.78. This represents a 15.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 926,466 shares of company stock worth $60,212,297 in the last 90 days. 22.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Benchmark restated a "buy" rating and set a $71.00 price target on shares of Roblox in a research report on Tuesday, March 18th. Citigroup boosted their price objective on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Barclays reduced their target price on Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Roth Mkm raised their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Finally, Morgan Stanley raised their price target on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.