HUB Investment Partners LLC Buys New Holdings in Roblox Co. (NYSE:RBLX)

HUB Investment Partners LLC bought a new stake in shares of Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,587 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of RBLX. FMR LLC raised its position in Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Wealthfront Advisers LLC raised its position in Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. Ieq Capital LLC raised its position in Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. State Street Corp raised its position in Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after purchasing an additional 240,565 shares during the last quarter. Finally, ValueAct Holdings L.P. raised its position in Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBLX has been the subject of a number of recent analyst reports. Citigroup upped their price target on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Macquarie increased their target price on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. HSBC initiated coverage on Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 target price for the company. Barclays decreased their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC increased their target price on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Stock Performance

Shares of RBLX opened at $61.21 on Friday. The business’s fifty day simple moving average is $63.54 and its two-hundred day simple moving average is $54.90. 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 company has a market cap of $37.89 billion, a price-to-earnings ratio of -42.21 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (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%. Research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 34,099 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at $12,664,130.15. This trade represents a 13.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael Guthrie sold 26,154 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the transaction, the chief financial officer now owns 417,079 shares in the company, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 950,466 shares of company stock worth $61,646,297 in the last ninety days. Insiders own 22.15% of the company’s stock.

Roblox Profile

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.