Numerai GP LLC Boosts Holdings in Roblox Co. (NYSE:RBLX)

Numerai GP LLC lifted its holdings in Roblox Co. (NYSE:RBLX) by 18.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,932 shares of the company’s stock after purchasing an additional 6,725 shares during the period. Roblox makes up 0.7% of Numerai GP LLC’s holdings, making the stock its 24th biggest holding. Numerai GP LLC’s holdings in Roblox were worth $2,542,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RBLX. Smith Group Asset Management LLC boosted its stake in shares of Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after buying an additional 62,390 shares during the period. Chicago Partners Investment Group LLC purchased a new position in Roblox in the fourth quarter worth approximately $363,000. Silicon Valley Capital Partners grew its holdings in 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 acquiring an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after acquiring an additional 1,971 shares in the last quarter. Finally, Amundi increased its position in shares of Roblox by 111.4% in the 4th quarter. Amundi now owns 3,191,137 shares of the company’s stock valued at $198,010,000 after purchasing an additional 1,681,263 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Trading Up 4.9%

NYSE RBLX opened at $77.06 on Wednesday. The firm’s fifty day moving average is $61.23 and its two-hundred day moving average is $60.01. Roblox Co. has a one year low of $30.83 and a one year high of $77.69. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market cap of $48.55 billion, a PE ratio of -53.14 and a beta of 1.46.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) EPS. Analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RBLX shares. Wells Fargo & Company lifted their price objective on shares of Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Barclays lifted their price target on Roblox from $46.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Benchmark increased their price objective on Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 2nd. The Goldman Sachs Group boosted their target price on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Finally, FBN Securities initiated coverage on shares of Roblox in a research note on Friday, March 28th. They issued a “sector perform” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Insider Activity

In other Roblox news, CFO Michael Guthrie sold 21,614 shares of Roblox stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $1,325,802.76. Following the sale, the chief financial officer now owns 395,465 shares of the company’s stock, valued at approximately $24,257,823.10. The trade was a 5.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 12,800 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $73.46, for a total value of $940,288.00. Following the transaction, the director now owns 296,584 shares in the company, valued at $21,787,060.64. The trade was a 4.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,131,507 shares of company stock valued at $144,420,228. Company 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.