Soros Capital Management LLC Takes Position in Roblox Co. (NYSE:RBLX)

Soros Capital Management LLC purchased a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 94,900 shares of the company's stock, valued at approximately $5,491,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after buying an additional 239 shares during the period. Parkside Financial Bank & Trust boosted its stake 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 buying an additional 230 shares in the last quarter. Rakuten Securities Inc. grew its position in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after acquiring an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after acquiring an additional 271 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Up 1.5 %

Shares of Roblox stock traded up $0.96 during trading hours on Friday, reaching $66.65. The company's stock had a trading volume of 4,438,329 shares, compared to its average volume of 7,854,089. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock's fifty day simple moving average is $59.04 and its two-hundred day simple moving average is $57.25. The company has a market capitalization of $41.89 billion, a P/E ratio of -45.97 and a beta of 1.49. Roblox Co. has a one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last issued 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 665.98% and a negative net margin of 25.97%. On average, research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity

In related news, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the transaction, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the sale, the chief executive officer now directly owns 129,301 shares in the company, valued at approximately $9,260,537.62. This represents a 51.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 902,954 shares of company stock worth $55,354,971 over the last quarter. Insiders own 22.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Roblox from $76.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. CICC Research assumed coverage on Roblox in a report on Tuesday, January 14th. They set an "outperform" rating on the stock. FBN Securities initiated coverage on Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price for the company. Barclays cut their price target on Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Finally, The Goldman Sachs Group upped their price objective on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Roblox currently has a consensus rating of "Moderate Buy" and an average target price of $64.50.

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.