Two Sigma Advisers LP Buys 1,452,900 Shares of Roblox Co. (NYSE:RBLX)

Two Sigma Advisers LP increased its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 32.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,864,800 shares of the company's stock after purchasing an additional 1,452,900 shares during the quarter. Two Sigma Advisers LP owned 0.97% of Roblox worth $259,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Entropy Technologies LP lifted its position in Roblox by 168.4% during the third quarter. Entropy Technologies LP now owns 99,649 shares of the company's stock worth $4,410,000 after purchasing an additional 62,521 shares during the period. Dragoneer Investment Group LLC lifted its position in Roblox by 26.9% during the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Roblox by 12,971.4% in the third quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company's stock worth $2,302,000 after acquiring an additional 51,626 shares during the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of Roblox by 62.0% in the second quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company's stock worth $1,395,000 after acquiring an additional 14,348 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after acquiring an additional 4,115,286 shares during the last quarter. Institutional investors own 91.08% of the company's stock.

Roblox Price Performance

RBLX stock traded up $0.09 during midday trading on Friday, reaching $59.03. The company had a trading volume of 6,820,765 shares, compared to its average volume of 7,649,580. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $59.80. The company has a market capitalization of $35.86 billion, a P/E ratio of -35.95 and a beta of 1.50. The firm has a 50-day moving average price of $47.03 and a 200-day moving average price of $42.08.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the company earned ($0.45) EPS. The business's quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 2,186 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. The trade was a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 200,000 shares of the company's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the sale, the director now owns 4,707,579 shares of the company's stock, valued at $236,932,451.07. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,038,607 shares of company stock worth $49,713,872. 22.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RBLX shares. Canaccord Genuity Group increased their target price on shares of Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Barclays increased their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Raymond James reissued a "strong-buy" rating and issued a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Macquarie increased their target price on Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and an average target price of $55.30.

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.