Roblox Co. (NYSE:RBLX) Shares Purchased by Foxhaven Asset Management LP

Foxhaven Asset Management LP raised its position in Roblox Co. (NYSE:RBLX) by 45.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,009,254 shares of the company’s stock after buying an additional 945,811 shares during the quarter. Roblox comprises about 4.7% of Foxhaven Asset Management LP’s holdings, making the stock its 11th largest position. Foxhaven Asset Management LP owned approximately 0.50% of Roblox worth $174,115,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Smith Group Asset Management LLC raised its holdings in Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in Roblox during the 4th quarter worth approximately $363,000. Silicon Valley Capital Partners raised its stake in shares of Roblox by 3,010.0% during the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after buying an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after buying an additional 1,971 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Roblox in the fourth quarter valued at approximately $763,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on RBLX. The Goldman Sachs Group raised their target price on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Macquarie boosted their price objective on shares of Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Canaccord Genuity Group increased their target price on shares of Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Piper Sandler reissued an “overweight” rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Roth Mkm raised their price objective on Roblox from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.91.

Insider Activity

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the transaction, the chief accounting officer now directly owns 75,583 shares of the company’s stock, valued at $4,636,261.22. This trade represents a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the sale, the insider now owns 204,261 shares in the company, valued at approximately $12,513,028.86. The trade was a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,164,386 shares of company stock valued at $146,492,013 in the last ninety days. Company insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of NYSE:RBLX opened at $71.89 on Friday. The business has a fifty day simple moving average of $60.65 and a 200-day simple moving average of $59.42. Roblox Co. has a 52 week low of $30.56 and a 52 week high of $75.74. The company has a market cap of $45.18 billion, a P/E ratio of -49.58 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted ($0.43) EPS. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. Equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

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.