Quadrature Capital Ltd Boosts Stock Holdings in Roblox Co. (NYSE:RBLX)

Quadrature Capital Ltd raised its holdings in Roblox Co. (NYSE:RBLX) by 289.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,934 shares of the company’s stock after purchasing an additional 120,301 shares during the quarter. Quadrature Capital Ltd’s holdings in Roblox were worth $7,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RBLX. Quantinno Capital Management LP lifted its stake in shares of Roblox by 85.8% in the third quarter. Quantinno Capital Management LP now owns 34,316 shares of the company’s stock valued at $1,519,000 after purchasing an additional 15,846 shares during the period. Royal London Asset Management Ltd. lifted its position in shares of Roblox by 3.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 210,438 shares of the company’s stock valued at $9,314,000 after acquiring an additional 7,332 shares during the period. Petrus Trust Company LTA boosted its stake in shares of Roblox by 140.3% during the 3rd quarter. Petrus Trust Company LTA now owns 21,385 shares of the company’s stock worth $946,000 after acquiring an additional 12,484 shares in the last quarter. Motley Fool Asset Management LLC grew its holdings in shares of Roblox by 4.7% in the 3rd quarter. Motley Fool Asset Management LLC now owns 26,042 shares of the company’s stock worth $1,134,000 after acquiring an additional 1,176 shares during the period. Finally, IHT Wealth Management LLC increased its stake in Roblox by 50.0% in the 3rd quarter. IHT Wealth Management LLC now owns 17,615 shares of the company’s stock valued at $775,000 after purchasing an additional 5,871 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on RBLX shares. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Piper Sandler increased their price objective on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. 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 report on Monday, November 4th. Finally, Canaccord Genuity Group raised their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Insider Buying and Selling at Roblox

In other news, CFO Michael Guthrie sold 3,443 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.01, for a total value of $154,969.43. Following the transaction, the chief financial officer now owns 352,844 shares of the company’s stock, valued at approximately $15,881,508.44. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anthony P. Lee sold 25,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $51.19, for a total transaction of $1,279,750.00. Following the sale, the director now directly owns 5,706,695 shares of the company’s stock, valued at approximately $292,125,717.05. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,038,607 shares of company stock valued at $49,713,872. Company insiders own 22.15% of the company’s stock.

Roblox Trading Up 8.1 %

NYSE RBLX opened at $58.96 on Friday. The company has a market cap of $35.82 billion, a P/E ratio of -35.95 and a beta of 1.50. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $59.14. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average of $46.75 and a 200-day moving average of $41.96.

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