GF Fund Management CO. LTD. Takes $4.32 Million Position in Roblox Co. (NYSE:RBLX)

GF Fund Management CO. LTD. bought a new position in shares of Roblox Co. (NYSE:RBLX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 74,706 shares of the company's stock, valued at approximately $4,322,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Neo Ivy Capital Management bought a new position in shares of Roblox during the fourth quarter worth about $3,334,000. Gordian Capital Singapore Pte Ltd increased its position in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the period. Focus Partners Advisor Solutions LLC bought a new position in Roblox during the 4th quarter worth approximately $278,000. Ashford Capital Management Inc. acquired a new position in shares of Roblox in the 4th quarter worth approximately $241,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Roblox by 7.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,084,605 shares of the company's stock valued at $120,615,000 after purchasing an additional 140,050 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Stock Up 0.5%

Shares of NYSE RBLX traded up $0.42 during mid-day trading on Friday, reaching $85.21. 3,889,751 shares of the company's stock traded hands, compared to its average volume of 7,717,169. 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 business has a 50-day simple moving average of $67.23 and a 200 day simple moving average of $62.64. The stock has a market cap of $53.68 billion, a P/E ratio of -58.71 and a beta of 1.46. Roblox Co. has a 1-year low of $32.70 and a 1-year high of $86.28.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.09. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.43) EPS. On average, analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RBLX shares. Barclays lifted their target price on shares of Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. FBN Securities started coverage on Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective for the company. Morgan Stanley cut their target price on Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Oppenheimer raised their target price on Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, Benchmark boosted their price target on Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 229,167 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $11,649,667.84. This trade represents a 50.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amy Marie Rawlings sold 6,391 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total transaction of $515,498.06. Following the completion of the sale, the chief accounting officer now directly owns 73,931 shares of the company's stock, valued at $5,963,274.46. The trade was a 7.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,532,039 shares of company stock valued at $177,792,818 over the last 90 days. Insiders own 12.92% 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.