Y Intercept Hong Kong Ltd Takes $1.11 Million Position in Roblox Co. (NYSE:RBLX)

Y Intercept Hong Kong Ltd bought a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,990 shares of the company's stock, valued at approximately $1,106,000.

Several other hedge funds also recently made changes to their positions in RBLX. Swedbank AB grew its holdings in shares of Roblox by 0.5% during the 2nd quarter. Swedbank AB now owns 53,297 shares of the company's stock worth $1,983,000 after purchasing an additional 285 shares in the last quarter. Coronation Fund Managers Ltd. bought a new stake in shares of Roblox during the 2nd quarter worth approximately $2,663,000. Center for Financial Planning Inc. boosted its position in shares of Roblox by 2.3% during the 2nd quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company's stock worth $659,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. increased its stake in Roblox by 1,836.5% in the second quarter. Blue Trust Inc. now owns 3,931 shares of the company's stock valued at $150,000 after acquiring an additional 3,728 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Roblox by 17.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,984,817 shares of the company's stock valued at $371,535,000 after purchasing an additional 1,491,726 shares in the last quarter. 91.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the topic of several recent analyst reports. BTIG Research lifted their price target on Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Morgan Stanley raised Roblox from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Wedbush reissued an "outperform" rating and set a $49.00 target price on shares of Roblox in a research note on Friday, October 25th. The Goldman Sachs Group raised their price target on shares of Roblox from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Macquarie upped their price objective on shares of Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Roblox presently has an average rating of "Moderate Buy" and a consensus target price of $55.67.

Roblox Trading Down 0.5 %

NYSE RBLX traded down $0.28 during trading hours on Thursday, hitting $59.61. 6,486,867 shares of the company's stock were exchanged, compared to its average volume of 7,670,735. The firm has a market cap of $36.22 billion, a price-to-earnings ratio of -36.46 and a beta of 1.50. The stock has a 50-day simple moving average of $48.18 and a 200 day simple moving average of $42.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $61.05.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.45) EPS. On average, equities analysts forecast that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insider Activity at Roblox

In other Roblox news, CEO David Baszucki sold 166,666 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.56, for a total value of $7,593,302.96. Following the transaction, the chief executive officer now directly owns 135,755 shares of the company's stock, valued at approximately $6,184,997.80. This trade represents a 55.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 100,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the sale, the chief financial officer now directly owns 331,187 shares of the company's stock, valued at approximately $18,519,977.04. The trade was a 23.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,412,379 shares of company stock valued at $71,728,919 in the last three months. Corporate insiders own 22.15% of the company's stock.

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.