Vinva Investment Management Ltd Increases Stake in Roblox Co. (NYSE:RBLX)

Vinva Investment Management Ltd grew its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 316.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,069 shares of the company's stock after buying an additional 17,532 shares during the quarter. Vinva Investment Management Ltd's holdings in Roblox were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of RBLX. Wealthfront Advisers LLC raised its holdings in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. ValueAct Holdings L.P. increased its position in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after buying an additional 7,835,921 shares in the last quarter. FMR LLC lifted its position in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock valued at $926,924,000 after buying an additional 4,115,286 shares in the last quarter. Ieq Capital LLC grew its stake in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after acquiring an additional 3,507,901 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new stake in Roblox in the 3rd quarter worth approximately $107,491,000. Institutional investors own 94.46% of the company's stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Roblox from $58.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. The Goldman Sachs Group lifted their target price on shares of Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Wedbush reissued an "outperform" rating and set a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. Finally, Citigroup upped their price target on Roblox from $63.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.19.

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Roblox Trading Up 1.4 %

RBLX stock traded up $0.83 during mid-day trading on Tuesday, reaching $62.01. 4,740,591 shares of the stock traded hands, compared to its average volume of 7,623,873. The business has a 50-day moving average price of $63.54 and a two-hundred day moving average price of $55.11. The stock has a market capitalization of $38.38 billion, a PE ratio of -42.77 and a beta of 1.49. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. 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 earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Equities research analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity

In related news, insider Mark Reinstra sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following the sale, the insider now owns 281,161 shares in the company, valued at $18,269,841.78. This represents a 15.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction that occurred on 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 sale, the chief financial officer now owns 417,079 shares of the company's stock, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 926,466 shares of company stock worth $60,212,297. Corporate 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.