Strategic Financial Concepts LLC Invests $7.36 Million in Roblox Co. (NYSE:RBLX)

Strategic Financial Concepts LLC acquired a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 127,234 shares of the company's stock, valued at approximately $7,362,000.

A number of other hedge funds have also recently added to or reduced their stakes in RBLX. FMR LLC lifted its holdings in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. State Street Corp increased its position in Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company's stock worth $480,482,000 after buying an additional 240,565 shares during the period. ValueAct Holdings L.P. lifted its stake in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock valued at $448,616,000 after buying an additional 7,835,921 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Roblox by 5.2% during the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company's stock valued at $368,003,000 after acquiring an additional 408,915 shares during the period. Finally, Two Sigma Advisers LP grew its position in shares of Roblox by 32.9% during the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company's stock worth $259,576,000 after acquiring an additional 1,452,900 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. BMO Capital Markets reiterated an "outperform" rating and issued a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Wells Fargo & Company lifted their price target on Roblox from $58.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Macquarie increased their price objective on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. BTIG Research lifted 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. Finally, HSBC assumed coverage on Roblox in a research report on Thursday, December 12th. They set a "buy" rating and a $63.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.19.

Roblox Trading Down 3.7 %

Shares of Roblox stock traded down $2.46 on Wednesday, reaching $63.65. 5,525,219 shares of the company were exchanged, compared to its average volume of 9,223,100. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm has a market capitalization of $38.67 billion, a price-to-earnings ratio of -43.89 and a beta of 1.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The stock has a fifty day moving average price of $63.92 and a 200-day moving average price of $52.10.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. On average, analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other news, insider Manuel Bronstein sold 10,492 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $49.45, for a total value of $518,829.40. Following the transaction, the insider now directly owns 618,154 shares of the company's stock, valued at approximately $30,567,715.30. This represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Arvind Chakravarthy sold 14,269 shares of Roblox stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total value of $705,316.67. Following the sale, the insider now directly owns 244,803 shares of the company's stock, valued at approximately $12,100,612.29. The trade was a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,069,697 shares of company stock valued at $65,912,475 over 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.