Durable Capital Partners LP Makes New Investment in Roblox Co. (NYSE:RBLX)

Durable Capital Partners LP acquired a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,261,329 shares of the company's stock, valued at approximately $246,560,000. Roblox makes up 2.0% of Durable Capital Partners LP's portfolio, making the stock its 19th largest position. Durable Capital Partners LP owned about 0.70% of Roblox as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 239 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of Roblox during the 4th quarter valued at about $41,000. Parkside Financial Bank & Trust grew its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Roblox by 188.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after buying an additional 633 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction on Thursday, February 20th. The stock was 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. This represents a 5.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following the sale, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. This trade represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,164,386 shares of company stock worth $146,492,013 over the last 90 days. 22.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RBLX has been the subject of a number of research reports. Wedbush reiterated an "outperform" rating and set a $83.00 target price on shares of Roblox in a research report on Thursday, April 24th. Morgan Stanley dropped their price objective on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Piper Sandler restated an "overweight" rating and set a $72.00 target price (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Citigroup boosted their price objective on Roblox from $78.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $67.91.

Roblox Price Performance

Shares of Roblox stock traded up $1.84 during trading hours on Friday, reaching $71.89. The stock had a trading volume of 7,283,366 shares, compared to its average volume of 7,763,033. 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 twelve month low of $30.56 and a twelve month high of $75.74. The stock's 50 day moving average is $60.65 and its 200 day moving average is $59.42. The firm has a market capitalization of $45.29 billion, a PE ratio of -49.58 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The business had revenue of $1.04 billion during 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 business's revenue was up 30.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.43) earnings per share. Equities analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.