XTX Topco Ltd Takes $2.25 Million Position in Roblox Co. (NYSE:RBLX)

XTX Topco Ltd acquired a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,909 shares of the company's stock, valued at approximately $2,253,000.

Several other institutional investors have also added to or reduced their stakes in the stock. 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 valued at $926,924,000 after purchasing an additional 4,115,286 shares in the last quarter. Dragoneer Investment Group LLC lifted its stake in Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock valued at $437,039,000 after acquiring an additional 2,488,044 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in Roblox in the 3rd quarter valued at approximately $107,491,000. Greenvale Capital LLP bought a new position in shares of Roblox during the 2nd quarter worth approximately $89,304,000. Finally, Marshall Wace LLP acquired a new stake in shares of Roblox in the second quarter valued at approximately $87,543,000. 91.08% of the stock is owned by institutional investors.

Roblox Stock Performance

NYSE:RBLX traded up $0.37 during mid-day trading on Friday, reaching $59.31. 8,964,106 shares of the company's stock were exchanged, compared to its average volume of 8,441,662. Roblox Co. has a one year low of $29.55 and a one year high of $59.80. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The business's fifty day simple moving average is $47.34 and its two-hundred day simple moving average is $42.33. The firm has a market capitalization of $36.03 billion, a PE ratio of -36.16 and a beta of 1.50.

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 business had revenue of $919.00 million during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the company posted ($0.45) earnings per share. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 25,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $51.19, for a total value of $1,279,750.00. Following the completion of the transaction, the director now owns 5,706,695 shares of the company's stock, valued at approximately $292,125,717.05. This represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the sale, the chief accounting officer now directly owns 91,062 shares in the company, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,038,607 shares of company stock valued at $49,713,872. 22.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $49.00 target price on shares of Roblox in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on Roblox from $51.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Benchmark raised their price target on Roblox from $44.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Piper Sandler boosted their target price on shares of Roblox from $54.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.30.

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.