Roblox Co. (NYSE:RBLX) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its stake in shares of Roblox Co. (NYSE:RBLX) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,763,105 shares of the company’s stock after selling 18,451 shares during the period. AQR Capital Management LLC’s holdings in Roblox were worth $159,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc grew its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after purchasing an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RBLX shares. Needham & Company LLC lifted their price objective on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Macquarie boosted their price target on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Barclays cut their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price target on shares of Roblox from $76.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average target price of $64.50.

Insider Buying and Selling at Roblox

In related news, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the transaction, the insider now owns 204,261 shares of the company’s stock, valued at $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David Baszucki sold 229,167 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the sale, the chief executive officer now owns 221,983 shares in the company, valued at approximately $11,649,667.84. This represents a 50.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 902,954 shares of company stock valued at $55,354,971. Insiders own 22.15% of the company’s stock.

Roblox Trading Down 0.0 %

NYSE:RBLX opened at $66.40 on Wednesday. The stock has a fifty day moving average price of $59.18 and a 200 day moving average price of $57.89. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The firm has a market cap of $41.73 billion, a PE ratio of -45.79 and a beta of 1.49.

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

About Roblox

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.