Trexquant Investment LP Decreases Position in Roblox Co. (NYSE:RBLX)

Trexquant Investment LP cut its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 589,707 shares of the company's stock after selling 5,211 shares during the quarter. Roblox makes up approximately 0.4% of Trexquant Investment LP's portfolio, making the stock its 20th biggest position. Trexquant Investment LP owned 0.10% of Roblox worth $34,120,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RBLX. The Manufacturers Life Insurance Company lifted its stake in shares of Roblox by 21.3% in the third quarter. The Manufacturers Life Insurance Company now owns 34,645 shares of the company's stock worth $1,533,000 after acquiring an additional 6,077 shares during the period. D.A. Davidson & CO. raised its holdings in Roblox by 3.5% during the 3rd quarter. D.A. Davidson & CO. now owns 23,711 shares of the company's stock worth $1,049,000 after purchasing an additional 808 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Roblox in the 3rd quarter worth approximately $547,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Roblox by 1.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,487 shares of the company's stock valued at $4,448,000 after purchasing an additional 1,546 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Roblox by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,944,555 shares of the company's stock worth $86,066,000 after buying an additional 20,872 shares during the period. Institutional investors own 94.46% of the company's stock.

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Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares of the company's stock, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anthony P. Lee sold 250,000 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the transaction, the director now owns 6,254,137 shares of the company's stock, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 947,666 shares of company stock valued at $61,513,341. 22.15% of the stock is owned by corporate insiders.

Roblox Price Performance

Shares of RBLX traded down $3.38 during mid-day trading on Thursday, reaching $58.23. 6,556,835 shares of the stock traded hands, compared to its average volume of 7,823,541. The company has a market cap of $36.05 billion, a price-to-earnings ratio of -40.16 and a beta of 1.49. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The firm has a fifty day moving average price of $62.88 and a 200 day moving average price of $55.80. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping 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%. As a group, equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RBLX. Morgan Stanley boosted their price objective on Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their price target on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They set a "buy" rating and a $63.00 price objective for the company. CICC Research began coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an "outperform" rating on the stock. Finally, Piper Sandler restated an "overweight" rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.23.

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.