Two Sigma Advisers LP Acquires 1,391,800 Shares of Roblox Co. (NYSE:RBLX)

Two Sigma Advisers LP lifted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,256,600 shares of the company's stock after acquiring an additional 1,391,800 shares during the period. Roblox makes up about 1.0% of Two Sigma Advisers LP's holdings, making the stock its 18th largest holding. Two Sigma Advisers LP owned 1.19% of Roblox worth $419,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. MetLife Investment Management LLC increased its holdings in shares of Roblox by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after buying an additional 161 shares during the period. Rakuten Securities Inc. lifted its position in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. Simon Quick Advisors LLC raised its stake in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after buying an additional 217 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after purchasing an additional 245 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays increased 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, May 2nd. Citigroup increased their price target on shares of Roblox from $78.00 to $85.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Oppenheimer increased their price objective on shares of Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Roth Mkm increased their price objective on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $68.68.

Insider Activity

In other Roblox news, insider Manuel Bronstein sold 14,721 shares of Roblox stock in a transaction on Monday, February 24th. The stock was 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 of the company's stock, valued at approximately $36,594,561.90. This trade represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Arvind Chakravarthy sold 982 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the sale, the insider now directly owns 204,261 shares of the company's stock, valued at $12,513,028.86. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,530,764 shares of company stock worth $176,069,276. Corporate insiders own 22.15% of the company's stock.

Roblox Trading Up 0.8%

Shares of RBLX traded up $0.61 during mid-day trading on Thursday, hitting $81.77. The company had a trading volume of 6,927,550 shares, compared to its average volume of 7,731,570. The stock has a market cap of $51.51 billion, a PE ratio of -56.39 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 1-year low of $31.59 and a 1-year high of $83.04. The business's 50-day simple moving average is $64.24 and its 200-day simple moving average is $61.35.

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