Worldquant Millennium Advisors LLC Boosts Holdings in Roblox Co. (NYSE:RBLX)

Worldquant Millennium Advisors LLC raised its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 663.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,261,050 shares of the company's stock after purchasing an additional 1,095,908 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.21% of Roblox worth $55,814,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Roblox in the 3rd quarter worth $27,000. Frazier Financial Advisors LLC grew its position in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after acquiring an additional 624 shares during the last quarter. PARK CIRCLE Co purchased a new position in Roblox in the 2nd quarter worth approximately $30,000. Strategic Financial Concepts LLC bought a new stake in Roblox in the second quarter valued at approximately $33,000. Finally, Gilliland Jeter Wealth Management LLC boosted its stake in shares of Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock valued at $37,000 after purchasing an additional 506 shares during the period. Institutional investors own 91.08% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Wedbush reiterated an "outperform" rating and issued a $49.00 price target on shares of Roblox in a report on Friday, October 25th. Benchmark raised their target price on shares of Roblox from $44.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Raymond James reissued a "strong-buy" rating and issued a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Finally, BTIG Research raised their target price on Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $55.30.

Roblox Stock Performance

Shares of RBLX stock traded up $0.37 during trading hours on Friday, reaching $59.31. The company had a trading volume of 8,964,106 shares, compared to its average volume of 8,441,662. The firm has a market cap of $36.03 billion, a PE ratio of -36.15 and a beta of 1.50. The business has a fifty day moving average price of $47.34 and a 200-day moving average price of $42.26. Roblox Co. has a one year low of $29.55 and a one year high of $59.80. 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 released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted ($0.45) EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts predict that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the transaction, the chief accounting officer now owns 91,062 shares of the company's stock, valued at $4,817,179.80. The trade was a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Guthrie sold 3,443 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.01, for a total transaction of $154,969.43. Following the sale, the chief financial officer now owns 352,844 shares in the company, valued at $15,881,508.44. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,038,607 shares of company stock worth $49,713,872 in the last quarter. Company insiders own 22.15% of the company's stock.

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.