Vinva Investment Management Ltd Acquires 17,532 Shares of Roblox Co. (NYSE:RBLX)

Vinva Investment Management Ltd grew its holdings in Roblox Co. (NYSE:RBLX) by 316.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,069 shares of the company’s stock after purchasing an additional 17,532 shares during the quarter. Vinva Investment Management Ltd’s holdings in Roblox were worth $1,349,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. FMR LLC raised its stake in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after acquiring an additional 4,115,286 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Roblox by 74,400.8% during the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after acquiring an additional 17,312,325 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Roblox by 26.8% during the 4th 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 in the last quarter. State Street Corp raised its stake in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after acquiring an additional 240,565 shares in the last quarter. Finally, ValueAct Holdings L.P. raised its stake in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after acquiring an additional 7,835,921 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RBLX shares. JPMorgan Chase & Co. boosted their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. HSBC started coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 target price on the stock. Piper Sandler reissued an “overweight” rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Raymond James reissued a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Finally, Citigroup boosted their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Stock Performance

RBLX opened at $57.96 on Friday. 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 firm has a fifty day moving average price of $63.55 and a 200 day moving average price of $54.70. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The stock has a market cap of $35.87 billion, a P/E ratio of -39.97 and a beta of 1.49.

Roblox (NYSE:RBLX) last posted its 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%. Equities research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In other Roblox news, insider Manuel Bronstein sold 14,721 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $61.10, for a total transaction of $899,453.10. Following the completion of the transaction, the insider now directly owns 598,929 shares in the company, valued at approximately $36,594,561.90. This represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 24,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the sale, the insider now owns 278,161 shares of the company’s stock, valued at $16,620,119.75. This trade represents a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 950,466 shares of company stock worth $61,646,297. Company insiders own 22.15% of the company’s stock.

Roblox Company 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.