Xponance Inc. Raises Holdings in Roblox Corporation (NYSE:RBLX)

Xponance Inc. boosted its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,895 shares of the company's stock after acquiring an additional 3,525 shares during the period. Xponance Inc.'s holdings in Roblox were worth $5,881,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd lifted its stake in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Roblox during the first quarter worth $39,000. Colonial Trust Co SC acquired a new position in Roblox during the fourth quarter worth $41,000. EverSource Wealth Advisors LLC lifted its stake in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in Roblox during the first quarter worth $58,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on RBLX shares. Canaccord Genuity Group upped their price target on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Citigroup upped their price target on Roblox from $100.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Bank of America upped their price target on Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. BMO Capital Markets restated an "outperform" rating and set a $95.00 price target (up from $82.00) on shares of Roblox in a research note on Friday, May 30th. Finally, Roth Mkm upped their price target on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $86.45.

Roblox Stock Up 0.6%

NYSE:RBLX traded up $0.59 during trading hours on Friday, hitting $105.62. The company's stock had a trading volume of 4,539,981 shares, compared to its average volume of 8,056,834. The stock has a market capitalization of $71.64 billion, a P/E ratio of -78.82 and a beta of 1.60. The stock has a fifty day moving average of $91.80 and a 200-day moving average of $72.36. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a 52-week low of $35.30 and a 52-week high of $108.10.

Roblox (NYSE:RBLX - Get Free Report) last posted its 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 return on equity of 442.68% and a negative net margin of 22.94%. Roblox's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.43) earnings per share. On average, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO David Baszucki sold 1,375,002 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $72.19, for a total value of $99,261,394.38. Following the transaction, the chief executive officer owned 221,983 shares of the company's stock, valued at $16,024,952.77. This represents a 86.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 6,645,690 shares of company stock valued at $592,729,502 over the last 90 days. Corporate 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.