O Neil Global Advisors Inc. Takes Position in Roblox Co. (NYSE:RBLX)

O Neil Global Advisors Inc. purchased a new stake in shares of Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,362 shares of the company’s stock, valued at approximately $1,120,000. Roblox accounts for about 0.3% of O Neil Global Advisors Inc.’s holdings, making the stock its 25th largest holding.

A number of other hedge funds have also bought and sold shares of RBLX. Frazier Financial Advisors LLC lifted its position in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc grew its stake in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after buying an additional 770 shares during the period. True Wealth Design LLC increased its stake in shares of Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after buying an additional 1,355 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after acquiring an additional 271 shares during the period. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent research reports. Macquarie increased their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Moffett Nathanson downgraded shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a report on Friday, February 7th. Barclays lowered their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Morgan Stanley increased their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Citigroup upped their price target on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.19.

Insider Buying and Selling

In other news, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the sale, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arvind Chakravarthy sold 14,269 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $49.43, for a total transaction of $705,316.67. Following the sale, the insider now owns 244,803 shares of the company’s stock, valued at $12,100,612.29. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,055,604 shares of company stock valued at $65,216,044 in the last ninety days. Company insiders own 22.15% of the company’s stock.

Roblox Trading Down 1.5 %

Shares of RBLX opened at $62.69 on Friday. The firm has a 50-day moving average price of $63.98 and a 200 day moving average price of $52.17. 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 Co. has a 12-month low of $29.55 and a 12-month high of $75.74.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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, sell-side analysts expect 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.