Bayesian Capital Management LP Acquires 23,500 Shares of Roblox Co. (NYSE:RBLX)

Bayesian Capital Management LP lifted its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 47.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,200 shares of the company's stock after purchasing an additional 23,500 shares during the quarter. Bayesian Capital Management LP's holdings in Roblox were worth $4,235,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its stake in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Roblox by 1,084.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after buying an additional 4,406,885 shares in the last quarter. Ieq Capital LLC grew its position in Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after buying an additional 3,507,901 shares in the last quarter. Finally, Norges Bank purchased a new position in Roblox during the fourth quarter worth about $167,211,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RBLX. FBN Securities started coverage on Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price target for the company. Citigroup increased their price target on shares of Roblox from $78.00 to $85.00 and gave the stock a "buy" rating in a report on Friday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Roblox in a report on Friday. Barclays lifted their price target on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Canaccord Genuity Group increased their price objective on Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $67.91.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of Roblox stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the transaction, the chief accounting officer now directly owns 75,583 shares of the company's stock, valued at approximately $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Reinstra sold 19,525 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the sale, the insider now owns 339,206 shares in the company, valued at approximately $22,367,243.64. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 764,399 shares of company stock worth $45,431,661 in the last three months. 22.15% of the stock is owned by corporate insiders.

Roblox Trading Down 1.4 %

Roblox stock traded down $1.02 during mid-day trading on Tuesday, reaching $70.80. 10,510,649 shares of the company traded hands, compared to its average volume of 8,033,083. 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 52-week low of $29.55 and a 52-week high of $75.74. The firm has a market capitalization of $44.50 billion, a price-to-earnings ratio of -48.83 and a beta of 1.46. The firm's 50 day moving average price is $60.18 and its 200 day moving average price is $58.93.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.43) earnings per share. On average, analysts anticipate 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.