Quantinno Capital Management LP Boosts Holdings in Roblox Co. (NYSE:RBLX)

Quantinno Capital Management LP grew its position in Roblox Co. (NYSE:RBLX - Free Report) by 163.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,362 shares of the company's stock after purchasing an additional 56,046 shares during the period. Quantinno Capital Management LP's holdings in Roblox were worth $5,228,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Smith Group Asset Management LLC grew its position in Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock worth $3,994,000 after purchasing an additional 62,390 shares during the period. Chicago Partners Investment Group LLC acquired a new position in Roblox in the fourth quarter valued at approximately $363,000. Silicon Valley Capital Partners boosted its position in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after purchasing an additional 66,882 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after purchasing an additional 1,971 shares during the period. Finally, Amundi increased its holdings in shares of Roblox by 111.4% during the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock valued at $198,010,000 after purchasing an additional 1,681,263 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Roblox news, CEO David Baszucki sold 6,448 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.33, for a total transaction of $395,455.84. Following the transaction, the chief executive officer now directly owns 122,853 shares in the company, valued at $7,534,574.49. This represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 4,468 shares of the firm's 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 transaction, the chief accounting officer now owns 75,583 shares of the company's stock, valued at approximately $4,636,261.22. This represents a 5.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,432,954 shares of company stock valued at $167,209,673 in the last quarter. Insiders own 22.15% of the company's stock.

Roblox Trading Down 0.6%

RBLX stock traded down $0.48 during trading on Wednesday, reaching $81.23. 6,533,463 shares of the stock were exchanged, compared to its average volume of 7,737,478. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market capitalization of $51.18 billion, a price-to-earnings ratio of -56.02 and a beta of 1.46. The business has a 50 day moving average price of $63.74 and a 200-day moving average price of $61.21. Roblox Co. has a 1 year low of $31.59 and a 1 year high of $83.01.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley cut their price target on Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group boosted their price objective on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Roth Mkm upped their target price on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Piper Sandler reissued an "overweight" rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Roblox in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, six 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.68.

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.