3,650 Shares in Roblox Co. (NYSE:RBLX) Purchased by Krane Funds Advisors LLC

Krane Funds Advisors LLC purchased a new position in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,650 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rakuten Securities Inc. grew its stake in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after acquiring an additional 217 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares during the last quarter. Versant Capital Management Inc lifted its position in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after acquiring an additional 245 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roblox

In other news, insider Mark Reinstra sold 50,000 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following the sale, the insider now owns 281,161 shares of the company’s stock, valued at approximately $18,269,841.78. The trade was a 15.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony P. Lee sold 21,200 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the transaction, the director now owns 6,589,757 shares of the company’s stock, valued at approximately $404,413,387.09. This trade represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 947,666 shares of company stock worth $61,513,341 in the last 90 days. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Needham & Company LLC boosted their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Benchmark reaffirmed a “buy” rating and set a $71.00 price target on shares of Roblox in a research note on Tuesday, March 18th. Wells Fargo & Company increased their target price on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley raised their price target on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, January 13th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.23.

Roblox Trading Down 9.2 %

NYSE:RBLX opened at $52.84 on Monday. The business’s 50-day moving average is $62.42 and its two-hundred day moving average is $56.00. The firm has a market capitalization of $32.71 billion, a PE ratio of -36.44 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month 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.

Roblox (NYSE:RBLX) last posted 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 net margin of 25.97% and a negative return on equity of 665.98%. Research analysts predict 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.