Evoke Wealth LLC purchased a new stake in Roblox Co. (NYSE:RBLX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,922 shares of the company's stock, valued at approximately $1,505,000.
Several other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in Roblox by 3.6% in the third quarter. Principal Financial Group Inc. now owns 56,819 shares of the company's stock worth $1,645,000 after purchasing an additional 1,956 shares in the last quarter. Victory Capital Management Inc. lifted its position in Roblox by 7.7% during the third quarter. Victory Capital Management Inc. now owns 176,671 shares of the company's stock valued at $5,116,000 after acquiring an additional 12,606 shares during the last quarter. Sigma Planning Corp boosted its stake in Roblox by 23.2% in the third quarter. Sigma Planning Corp now owns 8,727 shares of the company's stock valued at $253,000 after acquiring an additional 1,643 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Roblox by 8.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 168,888 shares of the company's stock worth $4,891,000 after purchasing an additional 12,711 shares during the last quarter. Finally, abrdn plc increased its position in shares of Roblox by 6.3% during the third quarter. abrdn plc now owns 76,524 shares of the company's stock worth $2,216,000 after purchasing an additional 4,567 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company's stock.
Roblox Stock Performance
RBLX stock traded up $0.47 during midday trading on Friday, hitting $33.62. 9,726,492 shares of the stock traded hands, compared to its average volume of 10,928,940. The stock's fifty day simple moving average is $35.69 and its 200-day simple moving average is $39.24. The firm has a market cap of $19.88 billion, a P/E ratio of -18.08 and a beta of 1.63. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07.
Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.10. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The firm had revenue of $923.76 million during the quarter, compared to analyst estimates of $918.85 million. During the same quarter in the previous year, the business earned ($0.44) EPS. Roblox's revenue for the quarter was up 19.4% compared to the same quarter last year. On average, analysts expect that Roblox Co. will post -1.7 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have recently weighed in on RBLX shares. Roth Mkm reissued a "neutral" rating and issued a $35.00 price objective (down previously from $55.00) on shares of Roblox in a research report on Tuesday, May 14th. JPMorgan Chase & Co. upgraded shares of Roblox from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $41.00 to $48.00 in a report on Tuesday, April 23rd. Barclays lowered their target price on shares of Roblox from $46.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, May 10th. Canaccord Genuity Group decreased their price target on shares of Roblox from $56.00 to $48.00 and set a "buy" rating for the company in a report on Friday, May 10th. Finally, Roth Capital downgraded shares of Roblox from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 14th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.76.
Read Our Latest Research Report on Roblox
Insider Activity
In other news, Director Andrea L. Wong sold 5,276 shares of the business's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $31.13, for a total transaction of $164,241.88. Following the completion of the sale, the director now owns 26,319 shares of the company's stock, valued at $819,310.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $40.68, for a total value of $1,220,400.00. Following the completion of the transaction, the chief financial officer now directly owns 396,709 shares of the company's stock, valued at approximately $16,138,122.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea L. Wong sold 5,276 shares of Roblox stock in a transaction on Monday, May 13th. The stock was sold at an average price of $31.13, for a total transaction of $164,241.88. Following the sale, the director now directly owns 26,319 shares in the company, valued at approximately $819,310.47. The disclosure for this sale can be found here. Insiders have sold 308,351 shares of company stock worth $11,257,527 in the last quarter. Corporate insiders own 22.15% of the company's stock.
Roblox Company Profile
(Free Report)
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.
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