Schonfeld Strategic Advisors LLC Has $14.78 Million Stake in Roblox Co. (NYSE:RBLX)

Schonfeld Strategic Advisors LLC increased its stake in shares of Roblox Co. (NYSE:RBLX) by 110.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,400 shares of the company’s stock after buying an additional 134,200 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Roblox were worth $14,777,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC grew its position in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after acquiring an additional 17,312,325 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Roblox by 1,084.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after acquiring an additional 4,406,885 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after acquiring an additional 3,507,901 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Roblox in the fourth quarter worth about $167,211,000. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Down 0.0 %

Shares of NYSE:RBLX opened at $66.40 on Wednesday. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The business’s 50-day moving average is $59.18 and its 200-day moving average is $57.89. The company has a market capitalization of $41.73 billion, a price-to-earnings ratio of -45.79 and a beta of 1.49.

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

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of research analyst reports. Roth Mkm upped their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Wells Fargo & Company dropped their price target on Roblox from $76.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Wedbush restated an “outperform” rating and set a $83.00 price objective on shares of Roblox in a research report on Thursday, April 24th. Finally, CICC Research assumed coverage on Roblox in a research report on Tuesday, January 14th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.50.

Insider Buying and Selling at Roblox

In other news, CFO Michael Guthrie sold 26,154 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the completion of the sale, the chief financial officer now 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 legal filing with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of the company’s 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 $274,067.12. Following the transaction, the chief accounting officer now directly owns 75,583 shares in the company, valued at $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 902,954 shares of company stock valued at $55,354,971. Corporate insiders own 22.15% of the company’s stock.

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.