Virtu Financial LLC Purchases Shares of 52,900 Roblox Co. (NYSE:RBLX)

Virtu Financial LLC acquired a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,900 shares of the company's stock, valued at approximately $2,341,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RBLX. Entropy Technologies LP boosted its position in Roblox by 168.4% during the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company's stock worth $4,410,000 after acquiring an additional 62,521 shares during the last quarter. Dragoneer Investment Group LLC lifted its position in shares of Roblox by 26.9% in 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 in the last quarter. Benjamin Edwards Inc. boosted its holdings in Roblox by 12,971.4% during the third quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company's stock worth $2,302,000 after purchasing an additional 51,626 shares during the last quarter. State Street Corp grew 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 valued at $480,482,000 after purchasing an additional 240,565 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its stake in Roblox by 62.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company's stock valued at $1,395,000 after buying an additional 14,348 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several analyst reports. Citigroup raised their price objective on Roblox from $53.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Wedbush reaffirmed an "outperform" rating and set a $49.00 price target on shares of Roblox in a research report on Friday, October 25th. Macquarie increased their price objective on Roblox from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Roblox from $51.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Finally, Morgan Stanley upgraded shares of Roblox from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.67.

Roblox Price Performance

Shares of Roblox stock traded down $0.02 on Friday, reaching $59.59. 5,792,193 shares of the stock were exchanged, compared to its average volume of 7,662,958. The firm's 50 day moving average is $48.88 and its 200-day moving average is $43.16. The firm has a market cap of $36.20 billion, a PE ratio of -36.34 and a beta of 1.50. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a one year low of $29.55 and a one year high of $61.05.

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

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $41.50, for a total value of $1,245,000.00. Following the completion of the transaction, the chief financial officer now owns 352,844 shares of the company's stock, valued at $14,643,026. This represents a 7.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 166,668 shares of Roblox stock in a transaction on Friday, October 25th. The stock was sold at an average price of $42.15, for a total transaction of $7,025,056.20. Following the transaction, the chief executive officer now owns 135,755 shares in the company, valued at approximately $5,722,073.25. This trade represents a 55.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,457,267 shares of company stock valued at $74,422,648. 22.15% of the stock is currently owned by corporate insiders.

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.