Abacus FCF Advisors LLC Invests $2.03 Million in Roblox Co. (NYSE:RBLX)

Abacus FCF Advisors LLC acquired a new stake in Roblox Co. (NYSE:RBLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,999 shares of the company’s stock, valued at approximately $2,025,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Roblox by 24.3% during the fourth quarter. Renaissance Technologies LLC now owns 7,570,959 shares of the company’s stock worth $438,056,000 after acquiring an additional 1,478,421 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Roblox during the 4th quarter worth about $211,000. Blue Whale Capital LLP raised its holdings in Roblox by 38.0% in the 4th quarter. Blue Whale Capital LLP now owns 768,814 shares of the company’s stock valued at $44,484,000 after buying an additional 211,534 shares during the period. Invesco Ltd. lifted its position in Roblox by 19.8% in the fourth quarter. Invesco Ltd. now owns 1,608,025 shares of the company’s stock valued at $93,040,000 after buying an additional 265,969 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Roblox by 21.1% during the fourth quarter. Cerity Partners LLC now owns 115,036 shares of the company’s stock worth $6,568,000 after buying an additional 20,063 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Trading Down 1.0 %

NYSE:RBLX opened at $52.41 on Tuesday. 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 Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The stock’s 50 day moving average price is $62.13 and its 200 day moving average price is $56.05. The company has a market capitalization of $32.44 billion, a PE ratio of -36.15 and a beta of 1.49.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, research analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In related news, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares in the company, valued at $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the transaction, the director now directly owns 6,254,137 shares in the company, valued at $406,769,070.48. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,003,666 shares of company stock worth $64,800,781 over the last 90 days. 22.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RBLX shares. HSBC began coverage on shares of Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. FBN Securities initiated coverage on Roblox in a research note on Friday, March 28th. They set a “sector perform” rating and a $65.00 price target on the stock. Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective for the company. in a research note on Friday, February 7th. Morgan Stanley boosted their price objective on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Benchmark restated a “buy” rating and set a $71.00 target price on shares of Roblox in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.23.

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.